LawkSalih.Com http://www.lawksalih.com/php LawkSalih.Com en-us Iraq's first postwar oil bidding for oil contracts http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2632 Iraq is scheduled to open its first postwar bidding for oil service contracts on Monday. International oil companies were expelled by Saddam Hussein more than 30 years ago. The companies that qualified for the bidding, along with the fields and reserves, are compiled below. The IMF might grant Iraq a lone of 5 billion dollars http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2631 According to a member of the Economic and Investment Committee, Muhammad Khalil, said that the IMF has given positive indications to accept Iraq's request to borrow more than five billion dollars to cover the budget deficit resulting from the decline in Iraqi revenues from oil. Re-operating Hydrocracker units in Baiji after 20 years of halting http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2630 The Oil Ministry’s spokesman Assem Jihad, stated on Saturday, saying that the ministry has re-operated some of the hydro-cracker units in Baiji Refinery, after a stoppage of 20 years, which will contribute to the provision of many petroleum products. Iraq central bank tells govt not to spend foreign reserves http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2629 Iraq’s central bank said yesterday the government should keep away from its foreign currency reserves, as the oil-reliant country scrambles to plug budget shortfalls following a fall in crude prices. Ministry Ratifies Contracts to Rehabilitate Factories http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2628 Southern General Company for manufacturing cement follows industry & minerals, ratified number of the contracts with the specialized international companies to rehabilitate and modernizing the factories to reach within the production to the designing energy. Iraq Imported $21 billion of goods from Iran on 2006 http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2627 The Iraqi consumer demand increased of Iranian products in 2003 distinctly, after interruption lasted more than 15 years was broken by the war between the two neighbors, after turning the Iraqi market to open market for various goods and commodities. International oil exploration juniors pile into Kurdistan http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2626 Investors with an appetite for wild-cat oil exploration plays can now thank - of all people - former Iraqi dictator Saddam Hussein. UAE cancels nearly $7 billion in Iraq debt http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2625 The United Arab Emirates has cancelled almost $7 billion of debt including interest and arrears payments owed by Baghdad, becoming the first Gulf Arab country to forgive all of Iraq’s debt. $15 billion of foreign investment was estimated in Kurdistan http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2624 The Headman of Investment association in the territory of Kurdistan Hersh Muharram declared that foreign investments in the province during past eighteen months, estimated to fifteen billion dollars, half of Arab investors, especially from the Gulf states. Iraq's oil exports decline in June from the highest level since the war http://www.lawksalih.com/php/modules.php?name=News&file=article&sid=2623 Navigational data was collected by Reuters showed on Friday that Iraqi oil exports declined in last June from the highest level since the war because of bad weather led to the suspension of exports from the south of the country.