GN back from Melbourne Trenchless 2012 with Great Success

GN move to new facility, GN Solids Control Co., Ltd.6 Advanced High Speed Decanting Centrifuge to Latin AmericaKeep Equipment in Stock for Better Service & Quicker ResponseAdvanced Decanter Centrifuge developed by GN Solids Control Contact

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Kurdish-Arab Feud: Russians and Exxon Making Things Worse

Oil & Gas, PoliticsPosted on 10 November 2012. Tags: Exxon, Exxon Mobil, ExxonMobil, KRG, Kurdistan, oil contracts, Russia

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Chinese Company to Supply Iraqi Railways

Kurdish-Arab Feud: Russians and Exxon Making Things Worse Al-Araji: Iraq Needs $1 Trillion to Rebuild Iraq Pressures Gazprom to Quit Kurdistan Categorized

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Iraq to buy 50,000 Dell PCs for Schools

Chinese Company to Supply Iraqi Railways Kurdish-Arab Feud: Russians and Exxon Making Things Worse Al-Araji: Iraq Needs $1 Trillion to Rebuild Iraq Pressures Gazprom to Quit Kurdistan Categorized

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Ex Central Bank Chief Accuses Govt

By John Lee.

Sinan al-Shabibi (pictured), the former head Iraq’s Central Bank who was removed for suspected mismanagement and currency manipulation, has dismissed the charges against him as baseless and trumped up.

Speaking to AFP, he said authorities had compromised the bank’s independence to access its reserves, adding that the government had been “spoiled” by a stable exchange rate for several years.

He said a warrant for his arrest had blown relatively minor foreign exchange fluctuations out of proportion.

While diplomats and analysts have interpreted the move as a power grab by Nouri al-Maliki, the premier’s office has reportedly nsisted it was not behind the moves.

Speaking from Geneva, Shabibi said:

“Since 2009, they wanted to fire me, and they wanted money from the reserves … I think the main problem… is basically the reserves, because they thought we have a lot of reserves, and they want to use it for financing … The government wanted some money from the central bank… Of course, the law does not allow that, the central bank law.

“And of course, they say that there are differences in exchange rate policy. I don’t think these differences require firing the central bank governor.“

Asked if the warrants for him and other officials affected the bank’s independence, Shabibi replied: “I’m sure, yes.”

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Ex-Im Bank Approves $35m Loan Guarantee to Devco

Banking & Finance, Commodities & Mining, Industry & TradePosted on 09 November 2012. Tags: Devco International, Ex-Im Bank, Export credit, JP Morgan Chase, Mosul, sulfur, sulphur

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Iraq Pressures Gazprom to Quit Kurdistan

 By John Lee.

The Iraqi Government has reportedly told Gazprom Neft, the oil arm of Russian gas export monopoly Gazprom, to abandon oil deals in Kurdistan or face losing the lucrative Badra oilfield contract.

The field, which is estimated to have reserves of 100 million barrels, is being developed by Gazprom (30%), Korea’s KOGAS (22.5%), Malaysia’s Petronas (15%), Turkey’s TPAO (7.5%), and Iraq (25%).

Faisal Abdullah, a spokesman for Deputy Prime Minister for Energy Hussain Shahristani, confirmed on Friday that a letter had been sent to Gazprom last week warning the company, which acquired interests in two blocks with the Kurdistan Regional Government (KRG) in August.

According to Reuters, Gazprom Neft Chief Operating Officer Alexander Dyukov (pictured) declined to comment. The company reportedly denied freezing contracts in Kurdistan in October.

(Sources: BBC, Reuters)

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Al-Araji: Iraq Needs $1 Trillion to Rebuild

Iraq Pressures Gazprom to Quit Kurdistan Ex-Im Bank Approves $35m Loan Guarantee to Devco Ex Central Bank Chief Accuses Govt GKP Up on Oil Find in Kurdistan Categorized

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