Iraq Reconstruction News
24 April 2007


1. Public/Private Joint Venture Investment Opportunities in Iraq. Proposal Deadline: June 06, 2007. Iraq’s Ministry of Industry and Minerals (MIM) is seeking strong international investors to enter into joint venture production-sharing partnerships with its state-owned plants in several industries, including cement, glass and ceramics, paper, petrochemical, iron and steel, sanitary ware, and automotive. Interested investors should visit MIM's Web site to review the opportunities and contact MIM's Investment Department to obtain the full investment file. For more information about these investment opportunities, interested parties may contact Mr. John Lyons, U.S. Embassy/Baghdad Senior Consultant to MIM. Senior MIM officials will be meeting with potential investors during the Rebuild Iraq 2007 expo and conference, to be held May 07-10 in Amman, Jordan. His Excellency Fawzi al-Hariri, MIM Minister, is scheduled to attend the event and MIM officials will be available during the exhibition for networking and other consultations. For more information about Rebuild Iraq, please visit the event Web site.

2. Stabilizing and Rebuilding Iraq: Conditions in Iraq Are Conducive to Fraud, Waste, and Abuse, unclassified version of testimony delivered by David M. Walker, Comptroller General of the United States before a closed hearing by the Subcommittee on Defense, House Committee on Appropriations. GAO-07-525T, April 23. http://www.gao.gov/cgi-bin/getrpt?GAO-07-525T

3. Brookings Iraq Index 23 April 2007 http://www3.brookings.edu/fp/saban/iraq/index.pdf

4. Iraq Weekly Status Report 18 April 2007 http://www.state.gov/documents/organization/83369.pdf

5. Iraq's oil production capacity could double, report says -- IHS, Inc., has announced the upcoming launch of the Iraq Atlas - a detailed analysis of oil reserves, production and development opportunities. According to IHS, the Iraq Atlas - which will be available May 9 - "is a unique overview of all known prospects and fields in Iraq." The Iraq Atlas estimates oil reserves in Iraq at up to 116 billion barrels, ranking Iraq third internationally. The Iraq Atlas estimates that there could potentially be another 100 billion barrels of oil in the Western Desert of Iraq. http://www.portaliraq.com/news/Iraq%27s+oil+production+capacity+could+double%2C+report+says__1112535.html

6. Twice the oil in Iraq? - Marketplace Radio - A new IHS report claims Iraq is sitting on massive oil reserves — 100 billion barrels more than expected. But skeptics say there's no way the group can be certain of its findings, especially given the ongoing violence there. http://marketplace.publicradio.org/shows/2007/04/19/AM200704195.html

7. Iraqi oil law nears final stage - BAGHDAD, Iraq - Iraq's hotly debated draft oil law is to be sent to parliament "within the coming few days if everything goes well," the Oil Ministry spokesman said on Wednesday. "The draft is with the State Shura Council now to be put in a legal form after being written in technical language," Assem Jihad told The Associated Press in a phone interview. He gave no date for the bill's introduction. http://news.yahoo.com/s/ap/20070418/ap_on_re_mi_ea/iraq_oil_law

8. Crucial Iraq Oil Law Set For Parliament - (CBS/AP) Iraq's hotly debated draft oil law was to be sent to parliament next week, the country's oil minister said on Wednesday. Hussain al-Shahristani, who was attending an oil conference in Dubai, the United Arab Emirates, did not give a specific day but said the measure would go to lawmakers before the next week was out. http://www.cbsnews.com/stories/2007/04/19/iraq/main2703622.shtml

9. Friedland's next frontier: Drilling for oil in Iraq. Ivanhoe Energy pursues project 'far from Baghdad' -- VANCOUVER -- In keeping with its co-founder's penchant for doing business in risky places, a junior oil and gas company in Robert Friedland's stable of resource plays has struck a deal to pursue a project in Iraq. Vancouver-based Ivanhoe Energy Inc. yesterday said it had signed a memorandum of understanding with Japanese oil and gas firm Inpex Corp. to develop a heavy oil field in north central Iraq, close to Iraqi Kurdistan. http://www.theglobeandmail.com/servlet/story/LAC.20070420.RIVANHOE20/TPStory/Business

10. Iraq plans to renew oil tanker fleet in S.Korea -- Reuters -- Iraq aims to rebuild its ageing fleet of tankers to carry its crude oil exports and is planning to form a joint venture shipping company with a South Korean firm, the oil ministry's spokesman said on Monday. "Iraq needs new huge oil shipping tankers to be capable of shipping exported crude oil," Asim Jihad said. http://www.iraqdevelopmentprogram.org/idp/news/new1589.htm

11. Iraq, foreign companies make tanker deal -- BAGHDAD April 23 (UPI) -- Iraq's old oil system will get an update of modern oil tankers, which it will pay for with oil. Assem Jihad, spokesman for the Iraqi Oil Ministry, said the ministry and foreign companies struck a deal in order to improve performance of the sector. "The agreements provide that these foreign companies have to have a modern fleet of oil tankers to be at the disposal of the Iraqi Oil Tankers Company," Jihad said. http://www.upi.com/Energy/Briefing/2007/04/23/iraq_foreign_companies_make_tanker_deal/

12. Iraq's economy: Oil's not well in Iraq -- The announcement of a study that suggests that Iraq's oil reserves could be almost as large as those of Saudi Arabia, the world's leader, has come amid fresh evidence of the monumental difficulty of realising that potential, as bombs in Baghdad left 200 people dead in a single day and Iraqi MPs wrangled over the details of new oil legislation. http://www.economist.com/agenda/displaystory.cfm?story_id=9060287

13. Turks are reconstructing Northern Iraq - 4 -- Expected to pass through parliament in May, the Iraq Oil Law gives Turkey the possibility of receiving a share of oil revenue via its partners. TTOPCO, founded by General Energy, a subsidiary of the Çukurova Group, and Addax Petroleum of Switzerland, is the first company to sign a contract with the Iraqi Kurdistan administration for oil exploration. The second is Petoil, a subsidiary of Pet Holding. They are making investments related to exploring, producing and exporting oil. http://www.turkishdailynews.com.tr:80/article.php?enewsid=70739

14. UN chief sets launch date for Iraq compact -- Middle East Times -- BERN -- UN Secretary-General Ban Ki-Moon said he intends "to officially launch an International Compact with Iraq [ICI] on May 3 in Sharm El Sheikh, together with Prime Minister [Nuri Al] Maliki of Iraq." Speaking Thursday in the Swiss capital Bern, the UN chief said he hoped the ICI would grant an "important momentum to help the Iraqi government to restore peace and security" to war-torn Iraq. http://www.metimes.com/storyview.php?StoryID=20070420-114820-7444r

15. MMR vaccination campaign aims to reach 3.9 million children - BAGHDAD, 22 April 2007 (IRIN) - BAGHDAD, 22 April 2007 (IRIN) - Despite serious ongoing violence in Iraq, the government and international aid agencies started a major immunisation drive on Sunday to avert an outbreak of measles. "One million children have no immunity to measles - more than enough to spark a dangerous outbreak in which many children could die or be left with lasting disabilities," Claire Hajaj, UNICEF's chief of communications at its Iraq Support Centre in Amman (ISCA). http://www.alertnet.org/thenews/newsdesk/IRIN/f3ae75c8932d0130132b9a8f47a83ee5.htm

16. General: Key to building Iraqi air force is training more pilots - BAGHDAD — The biggest challenge the United States faces in helping rebuild the Iraqi air force is training more pilots, Lt. Gen. Martin Dempsey said Sunday. Dempsey, who is in charge of U.S. efforts to train Iraqi military and police, told reporters that the air force already uses C-130 cargo planes to transport wounded Iraqi soldiers to treatment. http://www.estripes.com:80/article.asp?section=104&article=45293

17. War News Radio: Fact and Fantasy http://warnewsradio.org/

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