Chapter Iraq Investment by Dinar Experts Opinion
02-10-2013 IDD Expert Terrence: How many British companies are operating in the Iraq now?
02-10-2013 IDD Expert Colin: Till 2010, less than ten British companies were operating in Iraq. The main reason behind this was the strict rules of Iraqi government towards starting a business in the Iraq. Since last three years, more than 100 British companies are operating in Iraq, and this is all due to soft laws for starting a business in Iraq now than before. But international business community is still not satisfied with these changes in law.
02-10-2013 ID info Expert Basil: Is there anyone knows about the Baghdad Kurdistan dispute of pipeline?
02-10-2013 T123 Expert Justin Steave: Iraq has objections of the Iraqi Kurdistan Regional government to take approval from the Iraqi cabinet before signing any contract between Iraqi Kurdistan and any other country. Baghdad wants that Iraqi Kurdistan Regional government should link their pipeline with them so that they would be able to monitor the flow of oil. But Iraqi Kurdistan Regional government is not ready for this.
02-10-2013 Iraqi Dinar News Expert Tony: What do you say about the recent meeting of Iraq Kuwait officials in united nation?
02-10-2013 ID info Expert Basil: The United Nation has made a joint committee to settle the affairs between both countries, and Iraq has withdrawn the army from the provision of Kuwait to honor the chapter VII of United Nation. The meeting between two county officials was productive and held in a very pleasant environment. Hopefully this meeting will impact positively the whole region.
02-10-2013 T123 Expert Justin Steave: Is there anyone know about the Serco with the relation to the Iraq?
02-10-2013 IDD Expert Colin: Serco is one of the famous service provider companies of the world. The Serco with its Iraqi partner company, Al Burhan group, is providing the air traffic control of the Iraq Civil Aviation Authority (ICAA). Serco is in the agreement with the Iraq Civil Aviation Authority since 2011. Iraq Civil Aviation Authority is very satisfied with the services; and the agreement has been renewed between Serco and Iraq.
02-10-2013 T123 Expert Justin Steave: What will be the impact on the Iraqi economy if Kurdistan gets freedom?
02-10-2013 IDD Expert Terrence: For the large number of year, the independence movement is being faced by Iraq from Iraq Kurdistan, due some serious disputes. Iraq already does not add the Kurdistan income in its total budget. As far as my opinion is concerned, the oil field in Iraqi Kurdistan can badly impact the Iraq economy which sole earning source for Iraq.
02-10-2013 T123 Expert Justin Steave: What is the status of the Petrel Company in Iraq?
02-10-2013 Iraqi Dinar News Expert Tony: Petrel has been the company operating in the oil industry of Iraq for a number of years. In the beginning the share of Petrel in the Iraq oil industry was very minor but in 2013, Petrel enhanced it investment volume in the oil industry of Iraq. Now Petrel is the 20% shareholder with the Amira Company in Iraq that is operating in the central Iraq.
02-10-2013 IDD Expert Jeff: What will be the economic benefits for Petrel to join hands with Amira?
02-10-2013 ID info Expert Basil: Amira is the company operating in Iraq for more than ten years. Amira has created a better worth place in the business world of Iraq and also in the oil and gas industry of Iraq. Petrel will enjoy the same reputation and authority by joining hands with Amira as it has 20% share in the Amira. Amira is operating in the Wasit province of central Iraq.
02-10-2013 IDD Expert Colin: The output of crude oil has been increased in the Iraq during last three months, what could be the reason behind this?
02-10-2013 IDD Expert Terrence: Iraq is now free from the international sanctions which were imposed by United Nation after the invasion of Kuwait by Iraq in 1990. Therefore the investment in Iraq is increasing with every passing day. There is a positive impact of this investment over the economy of Iraq, especially the oil industry of Iraq. Iraq is planning to enhance its oil export at 9.6 million barrels per day till 2017.
02-10-2013 TD Expert Edward: 02-10-2013 T123 Expert Justin Steave: What is the main problem in the infrastructure of the oil industry?
02-10-2013 IDD Expert Jeff: The infrastructure of Iraq has been destroyed in the Iran Iraq and later in Iraq United States war. A large number of pipelines have been destroyed during this war. With the support of the world Iraq is rebuilding its infrastructure. The recent problem that oil industry facing is the leakage in the pipelines. This leakage caused a huge decreased in the output of the oil production.