Category: Dinar Daddy

Maliki, Kubiš Discuss Political and Security Situation in Iraq

Head of the State Of Law Coalition, Nuri al-Maliki discussed with the Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubiš developments in the political and security situation and upcoming political reforms as well as the United Nations role in helping the displaced.

Maliki, according to a statement of his office, renewed his position on the reforms that must be genuine and based on solid foundations and be inclusive not prosthesis and in line with the aspiration of the society and its desires, expressing his commitment to support any effort that would preserve the unity of the social fabric and promotes unity to meet the challenges and crises “.

Maliki called on the United Nations to increase its support for the displaced and ease their suffering and to call the international community to contribute to the provision of humanitarian services to them.

For his part, Jan Kubiš confirmed the UN’s keenness to support Iraq in all fields and issues that would contribute to strengthening the political and security stability in the country. / End


Change Movement Demands A National Salvation Government

Change Movement demanded to dissolve the current government of the Kurdistan region and form a government of national salvation as the only option to organize early fair and transparent elections within six months.

An official statement for Change Movement said today that the Kurdistan Regional Government failed to resolve the administrative and financial problems, so it has to be resolved and form a national salvation government oversees early elections within six months, stressing the unity of the Kurdish National Front and the representation of all political forces in this government.

The statement stressed the solidarity of the Movement to support all the demands of the Kurdish people and those with salaries in getting their rights through civilized ways, away from violence, and also stressed on addressing crises and restore the legitimate institutions of the Kurdistan region, as well as transparency in all political reforms file. / End


Hakim Meets UN’s Head Mission In Iraq

Head of the Islamic Supreme Council of Iraq Ammar al-Hakim discussed with the representative of the Secretary General of the United Nations, Jan Kubiš political situation in Iraq and the upcoming reforms.

A statement for the Supreme Council quoted Hakim as saying that “reform is a national necessity and the all agree on it and it is natural that views differ,” stressing “the need to accompany the reform with a clear vision backed by sober legislation and procedures under a specific timeframe.”

He stressed “the need to have a competent team work be able to accommodate ministers and their agents and officials of independent associations,” calling on the United Nations to “take its role in the field of relief to the displaced and the reconstruction of liberated areas and the international organizations should have plan to deal with the liberalization of Mosul process as well as supporting Iraq to face the global threat of terrorism. “.

On the economic reality, Hakim said / According to the statement / that “Iraq is passing through a critical stage financially, but it is not bankrupt and has all the ingredients for success if was able to arrange its priorities”

For his part, Kubiš reiterated UN support for Iraq to pass the security and humanitarian crisis. / End


Abadi Arrives To Samarra

The commander of the armed forces, Prime Minister Haider al-Abadi arrived in Samarra today.
An informed source told / NINA / Abadi will brief on the conduct of military operations in Samarra sector and the victories achieved by the security forces and the popular defense forces on terrorists Daash “./ End


ABB wins $100m Order Supporting Iraq Power Infrastructure

Switzerland’s ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 megawatts (MW) of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources.

The government is rebuilding the country, investing in national housing programs and has ambitious plans for developing its power infrastructure to meet electricity needs. The order was booked in the fourth quarter of 2015.

Claudio Facchin, president of ABB’s Power Grids division, said:

“This advanced GIS substation will help bring much needed electricity by expanding capacity and strengthening Iraq’s power infrastructure …

“This project adds to our extensive installed base in the region and supports our Next Level strategic thrust on growing markets.”

ABB will be responsible for the design, engineering, supply, installation and commissioning of the transmission and distribution substation excluding civil works.

This will be the largest 400/132 kilovolt (kV) substation in Iraq, equipped with state-of-the-art gas-insulated switchgear. ABB’s GIS technology will enhance operational reliability, efficiency and safety while minimizing substation footprint and maintenance requirements.

ABB will also deliver two 400/132 kV autotransformers to step down the voltage for distribution to, and advanced IEC 61850-compliant open automation, protection and telecommunication systems for local and remote control and monitoring of substation assets.


Oryx Petroleum and Zeg Oil Announce Strategic Investment

Oryx Petroleum Corporation Limited and Zeg Oil and Gas Ltd have announced that they have entered into a definitive agreement whereby Zeg Oil has subscribed for and been issued 75.7 million common shares of the Corporation for consideration of $30 million.

In addition, Oryx Petroleum intends to contract with an affiliate of Zeg Oil for the provision of $40 million of drilling and other services related to the appraisal and early production of the Zey Gawra field in the Hawler license area in the Kurdistan Region of Iraq (the “Zey Gawra Contracts”).

It is intended that $20 million of consideration for work performed under the Zey Gawra Contracts will be paid through the issuance of an additional 50.5 million common shares of Oryx Petroleum.

As of December 31, 2015, Netherland, Sewell & Associates, Inc. (“NSAI”), an independent oil and gas consulting firm, estimates that the Zey Gawra field contains gross (100%) proved plus probable oil reserves of 112 million barrels, representing 31% of the 366 million barrels of gross (100%) proved plus probable oil reserves attributable to the Hawler license area.

Zeg Oil is a privately held company based in the Kurdistan Region of Iraq that provides a broad range of engineering and construction services to the energy sector.

The Corporation has also entered into a definitive agreement with the Addax and Oryx Group (“AOG”) to extinguish $57 million of principal and accrued interest under the $100 million credit facility provided by AOG to Oryx Petroleum in March 2015, in consideration for 143.4 million common shares of the Corporation. The closing of the subscription by AOG for common shares of the Corporation in consideration of extinguishing debt is subject to minority shareholder approval and acceptance by the Toronto Stock Exchange.

All share issuances in connection with the aforementioned agreements have been, or are proposed to be, based on an Oryx Petroleum share price of C$0.55 per common share and a fixed Canadian Dollar-United States Dollar exchange rate of 0.7207. Provided all of the transactions contemplated above are approved and are completed, AOG will own 58% and Zeg Oil will own 32% of the Corporation’s common shares outstanding.


PECB Signs Agreement with Citadel Engineering

PECB has announced that it has signed a new partnership agreement with Erbil-based Citadel Engineering Company, to distribute PECB training courses in Iraq.

This partnership will ensure that the respective companies will give their contribution based on their expertise in offering and organizing PECB courses.

Eric Lachapelle, CEO of PECB, said:

“PECB has built a strong reputation in the international market for its expertise and ability to develop and deliver trainings on many ISO standards.

“We believe our training courses perfectly complement Citadel Engineering Company and this partnership will enable us to provide people in Iraq a cost-effective way to invest in their professional careers.”

Shariyar Majlesein, the CEO at Citadel Engineering Company, said:

“Citadel Company is glad and honored that it has signed a partnership agreement with PECB and become its partner in Iraq. Our vision is to distribute PECB’s various courses, introduce its services in entire Iraq and to make Iraq a good market place for PECB services.

“We will give our best to increase the awareness, competency and productivity of this region’s generation.”


Military Strikes Continue Against ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday.

Officials reported details of the latest strikes, noting that assessments of results are based on initial reports.

Strikes in Syria

Attack, fighter, and remotely piloted aircraft conducted eight strikes in Syria:

Near Hasakah, four strikes struck two separate ISIL tactical units and destroyed an ISIL vehicle, three ISIL buildings, an ISIL vehicle bomb, and an ISIL heavy machine gun.
Near Mar’a, a strike struck an ISIL tactical unit and three ISIL fighting positions.
Near Palmyra, a strike struck a large ISIL tactical unit and destroyed six ISIL vehicles and three ISIL fighting positions.
Near Tal Abyad, two strikes struck an ISIL tactical unit and destroyed ISIL communication equipment.
Strikes in Iraq

Attack, fighter, ground-attack, and remotely piloted aircraft conducted 21 strikes in Iraq, coordinated with and in support of Iraq’s government:

Near Baghdadi, a strike struck an ISIL tactical unit.
Near Huwayjah, a strike struck an ISIL tactical unit and destroyed an ISIL heavy machine gun and two ISIL fighting positions.
Near Habbaniyah, a strike destroyed an ISIL anti-air artillery piece.
Near Kisik, two strikes struck an ISIL tactical unit and destroyed 27 ISIL rocket rails.
Near Mosul, seven strikes struck four ISIL tactical units and destroyed three ISIL vehicles, 12 ISIL assembly areas, and 25 ISIL bed-down locations, and suppressed an ISIL heavy machine gun position.
Near Ramadi, three strikes destroyed an ISIL vehicle, an ISIL front-end loader, an ISIL bed down location, and an ISIL petroleum, oil and lubricant truck.
Near Samarra, two strikes struck two separate large ISIL tactical units and destroyed 9 ISIL vehicles, three ISIL VBIEDs, an ISIL fighting position, an ISIL supply cache, and three ISIL fuel trucks.
Near Sinjar, three strikes struck an ISIL tactical unit and destroyed five ISIL fighting positions, an ISIL assembly area, an ISIL mortar position, and suppressed an ISIL mortar fire position.
Near Sultan Abdallah, one strike struck an ISIL tactical unit and destroyed an ISIL fighting position.
Task force officials define a strike as one or more kinetic events that occur in roughly the same geographic location to produce a single, sometimes cumulative, effect. Therefore, officials explained, a single aircraft delivering a single weapon against a lone ISIL vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against buildings, vehicles and weapon systems in a compound, for example, having the cumulative effect of making those targets harder or impossible for ISIL to use. Accordingly, officials said, they do not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target.

Part of Operation Inherent Resolve

The strikes were conducted as part of Operation Inherent Resolve, the operation to eliminate the ISIL terrorist group and the threat they pose to Iraq, Syria, and the wider international community. The destruction of ISIL targets in Syria and Iraq further limits the group’s ability to project terror and conduct operations.

Coalition nations which have conducted strikes in Iraq include the United States, Australia, Belgium, Canada, Denmark, France, Jordan, the Netherlands and the United Kingdom. Coalition nations which have conducted strikes in Syria include the United States, Australia, Bahrain, Canada, France, Jordan, the Netherlands, Saudi Arabia, Turkey, the United Arab Emirates and the United Kingdom.