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Attempts to raise Iraqi oil exports to 3 million barrels a day
PUKmedia محمد الساعدي 18:05:59 2007-11-06 PUKmedia Mohammad Sa'idi 18:05:59 2007-11-06


Ministry announced that Iraqi oil exports Iraq's oil currently at color and 300 thousand barrels a day, and this is the largest scale since the liberation of Iraq in 2003.

The source in the Iraqi Oil Ministry in a statement given to our refusal to disclose his name, that the Iraqi government in connection with the lifting of the volume of oil exports to hit 3 million barrels a day, after ratification of the law and working oil and gas in Iraq, and the advent of foreign companies to produce oil.

This comes after Washington demanded from the Iraqi parliament to speed up the ratification of the Law of oil and gas aim of revitalizing the infrastructure in Iraq.
http://pukmedia.com/index.php?option=com_content&task=view&id=6663&Itemid=1

Nb. ITOCHU are PETs partner.

DUBAI, Nov 6 (Reuters) - Qatar and Japan's Itochu Corp (8001.T: Quote, Profile, Research) have signed a deal to work on international joint ventures in oil, gas and petrochemicals, Qatar's state news agency QNA said.

Qatar's Oil Minister Abdullah al-Attiyah signed the memorandum of understanding between Itochu and Qatar Petroleum International (QPI) on Sunday, QNA said. The statement gave no further details on potential joint projects.

QPI is the international invesmtent arm of Qatar Petroleum, and is looking at opportunities globally as Qatar looks to spend bumper revenues from high oil and gas prices.

Itochu Corp is Japan's fourth-largest trading company.

Bullish White Marubozu but we knew all that @ 60p-70p.Arguably better buy @ 153p v 156p.aimvho.DYOR.

.

cojones - 6 Nov'07 - 20:29 - 13442 of 13442


DH:
"After 10 years experience in Iraq, we have a built up an extensive high quality contact base in the region and retain a belief in Iraq and its people.
"Iraq today is, and will remain a place where international oil and gas players can be highly successful."

Mcllelan email:
"They are an excellent partner, and like us impatient to advance."
DH on Itochu.

Prime Minister Nuri told Al-Maliki and Secretary of State Condoleezza Rice:
The atmosphere is now ready for ratification by the Iraqi Parliament on a number of draft laws approved by the government, including a bill of oil, gas and Bill accountability and justice.

Melfaraj today on the petweiler:
golden x made a couple of weeks ago!
pet, adding the few percentage point on regular basis these days! not a breakout with explosions but rather aking to the performance of the 'supergun' whereby the projectile are rather gently but very strongly pushed through the barrel!

Fingersxxd latest analysis:
I see 150.00p as being a 'psychological' level, and following a couple of months of consolidation, I would expect a confirmed 'upside' breakout, to result in a sharp strong move up through 150.00p, accompanied by high volume. A few days of high volume, could easily see the price moving on up above the August peak.

The second rule of PET club, ...let the trend be your friend!!

Breakout imminent by the way so enjoy the next few days ;)

Tick up^ GSE Offer @ 162.23p.No probs buying on line.MMs appear to have plenty of stock @ 156p. large sell yesterday

barkerman - 7 Nov'07 - 09:15 - 13556 of 13570


HERE WE GOOOOOOOOOOOOOOOOOOOOOOOOOO..



Political first: the three governing bodies meet to agree on final versions of five important laws




Al-Attiyah called for the initiative to move the political process, the Parliament discusses budget 2008 next week
Baghdad-Sabah
Seeking the three governing bodies in the two meetings held in the coming days to agree on a number of important laws.
The list of laws that would study by the governing bodies, accountability, justice and oil and provincial council elections oil investment and legal and financial resources of the State, in addition to the issue of constitutional amendments.





The complexity of the three bodies (the Republic, ministers and deputies) these meetings to move the stalemate in the political process by agreeing on these laws prepared by most observers "key" to many of the controversial points. He says Abbas Al-Bayati deputy coalition and the decision of the Constitutional Review Commission: that political leaders would meet in the coming period, especially that the issue of Turkish threats, which has preoccupied political circles and still started solution following the measures announced by the Prime Minister.
The Prime Minister Nuri al-Maliki was disclosed yesterday from Iraq four procedures, include: STRIKING training headquarters used by the Workers Party, spare supplies and facilities, and the closure of offices and the headquarters of the Baath Party and chase elements and the required leadership on Iraqi territory. He adds Al-Bayati told of the "morning", that after the agreement on the broad outlines of these laws, will be meetings between coalition forces and the Quadripartite Islamic Party and the Committee on 3 +1 (of the Presidency of the Republic and the Prime Minister), so as to agree on a more precise details and thus leave these laws to Parliament for a vote.
He revealed the existence of a prior agreement to establish a number of such legislation as the end of this year, stressing that the reasons for the delay voting upon returning to the political side, not technical or legal matters.
Al-Bayati agreement drew strong quintet (Patriotic Union of Kurdistan and the Democratic advocacy, the Supreme Council and the Islamic Party) to 90% of the overall content of those laws, saying: Maittalb now is to reassure everyone that this legislation is national and utility benefits to all spectrums of the Iraqi people and not to the category without the other, especially regarding the distribution of oil wealth to all Iraqis and emphasized by the new law.
In the meantime he stressed MPs told "Sabah" should not politicize some of the laws, pointing out that deal with this legislation as a national exclusive contribute to achieving stability, progress and put an end to this delay in issuance. Details r 2
For his part revealed the Dawa Party leader Kamal idi an agreement to discuss the country's general budget for the coming year in parliament next week. Between Sa'idi of the "morning" to the Ministers of Planning and Finance had Ihdharan to discuss ways and the preparation and implementation of the budget, especially that it (the budget) is the largest in the history of Iraq, it would be 42 billion dollars. As part of efforts move the political process after the security situation has improved in most parts of the country, Sheikh Khalid Al-Attiyah, First Deputy Chairman of Parliament to launch a new political initiative. Al-Attiyah said during his meeting yesterday, chief adviser to the American State Department, David Satterfield: that it is necessary to proceed very far in the political initiative involving three components President, and make concessions to move the political reality. He added, according to a statement received "morning" copy of it, that will help the House to approve laws strategic and important jurist oil and accountability, justice and law and the law of provincial distribution of financial resources.

barkerman - 7 Nov'07 - 09:22 - 13562 of 13570


Not sure but when peeps read this and realise it,s in the FINAL STAGES we will see more buying.

Wakey,wakey...

COULD BE READY TO RUMBLE GUYS
I just tried to buy 1000 shares a few mos ago and couldnt buy them without calling trading desk...got a message saying volume of shares too high.

This usually means volatility on way ( up or down) so hopefully its up

p b

Tight spread on line:

Bid 155.15p v Offer 156p max limits 30k v 15k (actual)

Appears somewhat reluctant to move higher despite the constant buying, maybe there is a sell order to fill,---- just my opinion.
2517

Oil pipeline being laid between Basra, Iran''s Abbadan -- source

Power & Materials 11/7/2007 1:24:00 PM

BASRA, Nov 7 (KUNA) -- Iraq's South Oil Company has commenced laying an oil pipeline between Basra and Iranian ports at Abbadan, across Shatt Al-Arab river, for the export of Iraqi crude, according to an authoritative source at the company on Wednesday.
The source told Kuwait News Agency (KUNA) that the export capacity of the project was 200,000 barrels of crude oil per day, and would not only raise Iraq's exports, but also diversify its export ports.
The Basra-based South Oil Company is the largest Iraqi oil company and is responsible for the production of crude oil in southern fields and its exports from the Basra and Ameeq ports. (end) smj.ema KUNA 071324 Nov 07NNNN

http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=1855256&Language=en

2517,

>sportbilly1976 - 7 Nov'07 - 12:23 - 13726 of 13734

ok - re JEFF.

have emailed a trader friend to find if they have a line of stock to shift....

they have no indication of interest out today, but traded 350k yesterday and was offering 50k at 156.cannot ascertain as to whether they have a large seller or not though.

Indication of Interest.........it's what brokers send to clients via Bloomberg but somehow I can see some of them !

jecs - 7 Nov'07 - 14:15 - 13768 of 13769


Iraq News

Maliki reveals the near completion of the bridge naming ministers

(Voice of Iraq) - 07-11-2007
Send this topic to a friend

Maliki reveals the near completion of the naming ministers to fill vacancies in government

Baghdad-Iraq votes
A Prime Minister Prime Minister Nuri al-Maliki, Wednesday, the near completion of the nomination of a number of ministers to fill vacancies in the Iraqi government, which was missing for some time.


Al-Maliki said in a meeting with ambassadors of EU countries in Iraq, "we reach the last stage in the nomination of the new ministers, and we will work to find anything that would make Iraq in the advanced stages and the provision of all the requirements and needs of citizens from the general people."
Suffer Iraqi government months ago vacuum that was caused by the withdrawal of a number of parliamentary blocs which participated in the formation governmental Trend patients (30 seats of the parliament seats $ 275 seats) and had a six ministers, the Iraqi Accord Front (44 seat a), it has four ministers in addition to the post of Deputy Prime Minister, headed by the Iraqi National Iyad Allawi (22 seats) and has four ministers, but a number of them did not adhere to withdraw.
The Council voted unanimously by the Iraqi parliament, on Tuesday, last week, the names of two ministers of the new agriculture and health, as substitutes for the Ministers resigned but followers of the current patients.
And stabbed a number of parliamentary blocs in the House of Representatives in the legitimacy of the voting process conducted by the Council, and asked the bloc in a joint statement suspension of the result and not adoption.
The political blocs that have signed the statement are the Iraqi Accord Front, mass and mass chest Rsaleon based Iraqi National Dialogue Front and independent Arab bloc.
On the other hand, a government statement said that Al-Maliki said during his meeting, the ambassadors of EU countries accredited to Iraq, said that "Iraq is witnessing progress politically, security, and open wide in building economic relations with the international community and the European Union, particularly after the issuance of the International Covenant document."
A statement that the Al-Malki stressed that "the government seeks to consolidate these relations in order to improve economic and social conditions in the country."
He Maliki to inform Iraq to build better relations with the EU in all areas, presenting political and security developments and the progress made in national reconciliation efforts.
He Maliki that "progress witnessed by Iraq came as a result of national reconciliation which we see them crossing which Iraq would be transferred to safety, and that reconciliation is the right way to strengthen the ties of relations between all the components of the Iraqi people", according to the statement.
http://www.sotaliraq.com/iraqnews.php?id=988

bit of a drop this morning..........markets down quite a bit though although i hope pet reverses trend quickly

plummeting........whats up?

and again!!!

I think this may be my fault as I just topped up my holding!! This always happens when I do that