Abadi: edit Tikrit process was successfully as planned

  

    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – Prime Minister Haider al-Abadi said the operations in Tikrit going successfully and as planned.

    The commander of the armed forces, in an interview with Al-Iraqiya of Tikrit, Iraqi forces have reached the final stages of editing the city of Tikrit, adding that the operations are going successfully and according to what was planned.

    Abadi pointed out that there is cooperation between the military and security forces and the popular crowd in the implementation of the plan and the liberation of the city.

    The Abadi arrived in Tikrit on Thursday night to oversee the functioning of the city of Tikrit, edit operations Daash terrorist gangs, as well as conducting field interviews with security leaders.  http://translate.googleusercontent.com/translate_c?depth=3&hl=en&prev=/search%3Fq%3Dfaceiraq%26client%3Dsafari%26hl%3Den&rurl=translate.google.com&sandbox=0&sl=ar&u=http://www.faceiraq.com/inews.php%3Fid%3D3657726&usg=ALkJrhh5Cnxsw90HNlnwsei4EvkrB3IAyw

     

    Twitter- Brett McGurk

    Honored as always to join this morning to discuss the situation in .

    Genel Completes $230m Bond Issue

    Thanks Deb-

    Genel Completes $230m Bond IssueBy John Lee.

    Genel Energy has announced that it has priced an issue of U.S. $230 million in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO U.S. $500 million bond.

    The Bonds were issued at a market price in line with the trading level of GENEL01 PRO.

    Fosun Group was a lead investor in the bond issue.

    In a statement to the markets, the company said that the net proceeds of the Bonds will be used to underpin Genel’s financial strength and provide flexibility to implement its refocused Kurdistan Region of Iraq (“KRI”) strategy. After the successful issuance of the Bonds, the average cost of debt on the Company balance sheet is 8.7 percent.

    In the KRI, production at the Taq Taq and Tawke fields continues to increase as planned. New gross daily production records have been set at both fields, with Taq Taq production having recently surpassed 142,000 bopd, and Tawke 147,000 bopd.

    The temporary domestic market sales channel, implemented by the Kurdistan Regional Government (“KRG”), under which contractors receive 50 percent of domestic sales proceeds, has run successfully for Taq Taq through February and March 2015. Around 30-40,000 bopd continues to be sold locally, and cash received in line with expectation. Domestic sales from Tawke have increased throughout March.

    The oil export agreement between the KRG and Federal Government of Iraq is being fully implemented, and both sides remain firmly committed to the agreement. Production from the Kurdistan Region of Iraq has risen to record levels, with exports by the KRG for marketing by SOMO increasing in line with mutually agreed forecasts, and in turn budget payments have been transferred to Erbil. This reinforces our expectation that payments for exports will be received through 2015.

    Settlement date for the new Bonds is expected on or about 9 April 2015. Following settlement of the new Bonds, the Company intends to call for a bondholder meeting in the existing GENEL01 PRO bond. The meeting will seek approval for a merger of the two bond issues into one enlarged bond with a combined amount of U.S. $730 million listed on the Nordic ABM.

    Pareto Securities has acted as manager for the transaction.

    (Source: Genel Energy)

    http://www.iraq-businessnews.com/2015/03/26/genel-completes-230m-bond-issue/

    Kinani calls government to join International Criminal Court

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    Baghdad (AIN) –The leader within the Sadr Trend, Amir al-Kinani, called the government to join the International Criminal Court.

    He added to AIN “The big crimes represented by the genocide must be within the laws of the International Court and the United Nations,” noting that “World’s recognition of the genocides must be approved by the International Criminal Courts.”

     

    “Iraq needs to joint it to be able to make the world recognize the crimes of the ISIL as genocides and also promote the Iraqi law that lacks the principles of the international crimes,” he concluded. /End/

    Breaking News PM arrives Tikrit 

    Alforat News Agency

    Published: 2015/3/26 21:27 • 11 Reads


    Baghdad (Forat) –The Prime Minister, Hayder Ebadi, Commanding General of Armed Forces arrived Tikrit city to supervise the workflow of the military operation to liberate the city of the terrorists affiliated to what is so called the Islamic State of Iraq and Levant. \End\

    Updated: 2015/3/26 21:57

    Abadi up to Tikrit to oversee the conduct of military operations

      

     

    Thu, 26 Mar 2015 17:25:

    Baghdad news – Baghdad 


    Arrived Prime Minister Haider al-Abadi, on Thursday, to Tikrit to oversee the conduct of operations liberation of the city from the control of the organization, “Daash.” 

    A source in the office Abadi said in a statement that “the Commander in Chief of the Armed Forces Haider Abadi, the prime minister arrived, this evening, to the city of Tikrit.” 

    The source, who asked not to be named, said it comes from in order to “supervise the conduct of operations liberation of the city of Conception Daash terrorist gangs”. 

    The Joint Special Operations Command, announced on Thursday, the start of the security forces of progress toward Tikrit from several axes, stressing that the international airline alliance face a sensitive and serious blows to the gatherings “Daash” within the city. 

    And announced the US Department of Defense (Pentagon), on Wednesday (26 March 2015) for the issuance of orders to implement strikes the international coalition led by the United States against al “Daash” in Tikrit.

    It came in conjunction with the announcement of Prime Minister General Commander of the Armed Forces Haider al-Abadi, in a televised speech from the start of the completion of the final chapter of the liberation of Salahuddin province operations phase according to plan, and with the Iraqi people called for not listening to the “traffickers in blood”, emphasized the pursuit of Iraqi forces to hunt down organization “Daash” leaders.