March 21st, 2014,
Friday Morning News Summaries
Secretariat of the Cabinet denies pulling the hands of the Turkish Central Bank Governing
So Turki is not being pushed out, but leaving to do some work it sounds like with the World Bank...and maybe in conjunction with the CBI....interesting....his CBI assignment is basically over....remember he was there as an interim governor from the beginning.
~~~ Kurdistan–US economic ties to be strengthened
The US Consul General states that there needs to be continued and strengthened bilateral ties between Iraq and the US....
there is to be a meeting yet in March of US franchisers in Erbil with potential local business partners.....this seems to put the Kurdistan on a fast track for potential franchises.
Baghdad welcomes the resumption of Arbil export oil through the "Sumo" and Washington welcomes the decision
Baghdad is happy that the Kurds will begin to export oil in April through SOMO....and that revenues will be deposited into the DFI....to be distributed according to the federal budget.....
Barzani stressed that what they are doing is meant as a goodwill gesture towards a future agreement with Baghdad...this comes at a time that the US was putting some pressure on the region to resume oil exports....
although no agreement between Baghdad and the Kurds has been reached.....the US will continue to serve as a neutral intermediary between the two.
Biden telephoned al-Maliki discuss with the file of negotiations between Baghdad and Erbil
VP Biden called Maliki and urged a continued negotiation between both sides towards a final understanding for all involved....applauding the interim agreement that will get oil flowing again from the Kurds in April.
Iraq extinguish a large proportion of its foreign debt
Iraq had $51.6 billion dollars of debt with the Paris Club in 2004 and have paid back more than $40 billion of that.....
they had more than $18 billion dollars of debt outside the Paris Club in 2004 and have repaid more than $16 billion of that debt also.....
there are other efforts in play to issue bonds to be paid out between 2020 and 2028 at 5.8% interest.
Oil: not finished yet monument counters and process is done under the supervision of experts
Iraq is in the process of installing oil counters (meters) that measure the flow of oil from the wellhead so the oil can more accurately be accounted for.....
this will be a time consuming process but a necessary one. They have some that were installed prior to 2003 but technology has changed very much in that time frame and they should be updated.
Baghdad welcomes the resumption of Arbil to export oil through the Sumo and confirms that it is part of the fruit of bilateral negotiations
Baghdad welcomes the start of oil flowing by the Kurds as of April 1, calling this the first fruit of their ongoing negotiations....Barzani continues to insist this is a goodwill effort on behalf of the Kurds at this point.
Carp requires the government to take measures to bring the channel to the Iraqi Parliament
The news media source IMN continues to attempt to get live TV coverage of Parliament activities.....Iraqiya TV also continues its vigil to get cameras back into Parliament...but things are at a standstill at this point.
Friday Morning News Summaries ** Randy