The Ministry of Oil: Reduced Transparency and a Return to Secrecy

By Ahmed Mousa Jiyad.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

The Ministry of Oil: Reduced Transparency and the Return of Deplorable Secrecy

Slowly but surely an environment of shrinking transparency at the Ministry of Oil is becoming increasingly visible, deepening and damaging, indicating a strong return to deplorable secrecy and a pre-2003 style of management and egoism.

And while the country is facing two economic challenges: OPEC quota and 2017 Budget, the Ministry took a questionable U-turn by blocking all and every data and information on actual oil production, oil exports, oil revenues, oil prices and domestic oil and gas consumption.

This evidence-based and reality-check contribution aims at attracting the attention of the highest  government authorities, especially the Prime Minister; the Parliament, the “Transparency-defenders” including civil society organization and all oil professional among others to confront fully, strongly and effectively this very regrettable and alarming development at the  Ministry, and put an end to it before it gets worse and spreads.

Those responsible for such reversal of transparency at the Ministry should be identified, held accountable and forced to change course.

Please click here to download Ahmed Mousa Jiyad’s full report.

Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya@online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here.

The Ministry of Oil: Reduced Transparency and a Return to Secrecy

By Ahmed Mousa Jiyad.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

The Ministry of Oil: Reduced Transparency and the Return of Deplorable Secrecy

Slowly but surely an environment of shrinking transparency at the Ministry of Oil is becoming increasingly visible, deepening and damaging, indicating a strong return to deplorable secrecy and a pre-2003 style of management and egoism.

And while the country is facing two economic challenges: OPEC quota and 2017 Budget, the Ministry took a questionable U-turn by blocking all and every data and information on actual oil production, oil exports, oil revenues, oil prices and domestic oil and gas consumption.

This evidence-based and reality-check contribution aims at attracting the attention of the highest  government authorities, especially the Prime Minister; the Parliament, the “Transparency-defenders” including civil society organization and all oil professional among others to confront fully, strongly and effectively this very regrettable and alarming development at the  Ministry, and put an end to it before it gets worse and spreads.

Those responsible for such reversal of transparency at the Ministry should be identified, held accountable and forced to change course.

Please click here to download Ahmed Mousa Jiyad’s full report.

Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya@online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here.

The Ministry of Oil: Reduced Transparency and a Return to Secrecy

By Ahmed Mousa Jiyad.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

The Ministry of Oil: Reduced Transparency and the Return of Deplorable Secrecy

Slowly but surely an environment of shrinking transparency at the Ministry of Oil is becoming increasingly visible, deepening and damaging, indicating a strong return to deplorable secrecy and a pre-2003 style of management and egoism.

And while the country is facing two economic challenges: OPEC quota and 2017 Budget, the Ministry took a questionable U-turn by blocking all and every data and information on actual oil production, oil exports, oil revenues, oil prices and domestic oil and gas consumption.

This evidence-based and reality-check contribution aims at attracting the attention of the highest  government authorities, especially the Prime Minister; the Parliament, the “Transparency-defenders” including civil society organization and all oil professional among others to confront fully, strongly and effectively this very regrettable and alarming development at the  Ministry, and put an end to it before it gets worse and spreads.

Those responsible for such reversal of transparency at the Ministry should be identified, held accountable and forced to change course.

Please click here to download Ahmed Mousa Jiyad’s full report.

Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya@online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here.

Lukoil updates on West Qurna-2

By John Lee.

In its third-quarter and nine-month results announced on Monday, Russia’s Lukoil reports that its capital expenditures for the first nine months of 2016 were 19.1 percent lower than in the corresponding period of 2015.

This decrease partly attributed to moving to the maintenance oil production stage at the West Qurna-2 project in Iraq.

But the company’s results were also impacted by a decrease in the compensation amount from West Qurna-2

(Source: Lukoil)

Counter-ISIL Strikes Hit Terrorists in Syria, Iraq

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

Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports.

Strikes in Syria

Attack, fighter and remotely piloted aircraft conducted 12 strikes in Syria:

  • Near Shadaddi, two strikes engaged two ISIL tactical units and destroyed two vehicles.
  • Near Raqqah, two strikes destroyed three oil wellheads, two oil pumpjacks, two oil refinement equipment pieces, an oil tank and construction equipment.
  • Near Ayn Isa, three strikes engaged three ISIL tactical units and destroyed four fighting positions and a mortar system.
  • Near Dayr Az Zawr, two strikes engaged an ISIL tactical unit and destroyed a vehicle, construction equipment and an oil rig.
  • Near Manbij, three strikes engaged an ISIL tactical unit and destroyed a fighting position and a vehicle.

Strikes in Iraq

Attack, bomber, fighter and remotely piloted aircraft, and rocket artillery conducted nine strikes in Iraq, coordinated with and in support of Iraq’s government:

  • Near Huwayjah, a strike destroyed a vehicle bomb-making facility.
  • Near Beiji, a strike engaged an ISIL tactical unit and destroyed an ISIL-held building.
  • Near Mosul, six strikes engaged four ISIL tactical units, destroying five mortar systems, three ISIL-held buildings, three vehicles, three vehicle bombs, two front-end loaders, a vehicle bomb factory and a command-and-control node. Three tactical units were suppressed, and five supply routes and two pieces of road construction equipment were damaged.
  • Near Rawah, a strike destroyed a bunker.

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. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike.

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 it poses to Iraq, Syria, the region and the wider international community. The destruction of targets in Syria and Iraq further limits ISIL’s ability to project terror and conduct operations, officials said.

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

(Source: US Dept of Defense)

Counter-ISIL Strikes Hit Terrorists in Syria, Iraq

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

Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports.

Strikes in Syria

Attack, fighter and remotely piloted aircraft conducted 12 strikes in Syria:

  • Near Shadaddi, two strikes engaged two ISIL tactical units and destroyed two vehicles.
  • Near Raqqah, two strikes destroyed three oil wellheads, two oil pumpjacks, two oil refinement equipment pieces, an oil tank and construction equipment.
  • Near Ayn Isa, three strikes engaged three ISIL tactical units and destroyed four fighting positions and a mortar system.
  • Near Dayr Az Zawr, two strikes engaged an ISIL tactical unit and destroyed a vehicle, construction equipment and an oil rig.
  • Near Manbij, three strikes engaged an ISIL tactical unit and destroyed a fighting position and a vehicle.

Strikes in Iraq

Attack, bomber, fighter and remotely piloted aircraft, and rocket artillery conducted nine strikes in Iraq, coordinated with and in support of Iraq’s government:

  • Near Huwayjah, a strike destroyed a vehicle bomb-making facility.
  • Near Beiji, a strike engaged an ISIL tactical unit and destroyed an ISIL-held building.
  • Near Mosul, six strikes engaged four ISIL tactical units, destroying five mortar systems, three ISIL-held buildings, three vehicles, three vehicle bombs, two front-end loaders, a vehicle bomb factory and a command-and-control node. Three tactical units were suppressed, and five supply routes and two pieces of road construction equipment were damaged.
  • Near Rawah, a strike destroyed a bunker.

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. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike.

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 it poses to Iraq, Syria, the region and the wider international community. The destruction of targets in Syria and Iraq further limits ISIL’s ability to project terror and conduct operations, officials said.

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

(Source: US Dept of Defense)

Video: Parliament Legalises Shia Militias

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

The Iraqi parliament has passed a bill to officially recognise Shia armed groups collectively known as the Popular Mobilisation Forces.

The PMF are currently playing a vital role in the battle for the city of Mosul.

Currency Auction Results, 29th Nov

By John Lee.

The Central Bank of Iraq (CBI) has reported that 35 banks and 14 remittance companies took part in its currency auction on Tuesday.

A total of $149,497,790 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

Currency Auction Results, 29th Nov

By John Lee.

The Central Bank of Iraq (CBI) has reported that 35 banks and 14 remittance companies took part in its currency auction on Tuesday.

A total of $149,497,790 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

KTFA CC NOTES, 29 NOV

FrostyTheSnowman:  Here’s tonight’s HIGHLIGH

*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice!  We offer NO DATE, NO RATE on this forum!!! ***

Frank26: Ladies and gentlemen, we are gathered today, as we do every Monday to study the Iraqi Dinar.

I want to tell you something.