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Friday, November 21, 2008

RIL oil deals with Kurdistan dubbed illegal by Iraq

Pacts for two oil blocks signed by Reliance Industries (RIL) in Kurdistan have been dubbed as illegal by the Iraq oil minister alleging that companies signing oil deals with Kurdistan Regional Government (KRG) cannot bid for lucrative oilfields contracts in Iraq.

Last year two oil blocks were signed by RIL in northern Iraq with the autonomous KRG. Iraq oil minister has warned any oil produced and taken away without approval of the central government was tantamount to smuggling and will be dealt with accordingly.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Apr 07
07:00 ANZ Job Advertisements 1 0.4% -1.3% Revised from -1.4%
11:30 Halifax House Prices (MoM) 1 -0.5% 0.2% -0.2% Revised from -0.1%
11:30 Halifax House Prices (YoY/3m) 1 2.8% 2.8% Revised from 2.9%
12:30 Foreign Currency Reserves 1 726B 753B
20:00 Bank of Canada Business Outlook Survey 2
21:00 6-Month Bill Auction 1 4.07%
21:00 3-Month Bill Auction 1 4.205%
Tuesday, Apr 08
00:30 Consumer Credit Change 1 $15.20B $18.08B
03:30 NZIER Business Confidence (QoQ) 2 16%
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