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Abdul-Mahdi's oil Ministry is in the process of auditing State expenditures
Editor Mohammed Shafiq. Monday 17 November 2014 18: 19
NB-116424-635518344185915005.jpg
Alsumaria news/Baghdad
Oil Minister Adel Abdul Mahdi, Monday, that his Ministry was in the process of review of the expenditures of the State, while carrying "all concerned" the non oil and gas Act legislation.
Abdul-Mahdi said by Parliament said in a statement to Parliament information service and received "alsumaria news" version of it, "the Ministry is in the process of review of expenditures of the State being cannot be sustained and existing funds can build a balancing contribution to development", stressing "the need to diversify Iraq's economy, especially after the decline of many economic sectors for high dependence on the oil sector over the past years."
Abdul-Mahdi called the "asylum for bold steps in the area of investment and attract capital to promote economic realities and access to investment funds in the budget at the same time, pointing out that" the agreement with the county can provide imports million barrels missing from expenditure in 2014. "
By Abdul Mahdi said, "the responsibility of non oil and gas Act legislation be borne by all concerned," he said, adding that "the absence of law and regulations made it difficult to resolve the issues of export of oil from the region."
A parliamentary source said earlier Monday that the House began debating the repercussions of falling oil prices with oil Minister Adel Abdul Mahdi.
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Editor Mohammed Shafiq. Monday 17 November 2014 18: 19
NB-116424-635518344185915005.jpg
Alsumaria news/Baghdad
Oil Minister Adel Abdul Mahdi, Monday, that his Ministry was in the process of review of the expenditures of the State, while carrying "all concerned" the non oil and gas Act legislation.
Abdul-Mahdi said by Parliament said in a statement to Parliament information service and received "alsumaria news" version of it, "the Ministry is in the process of review of expenditures of the State being cannot be sustained and existing funds can build a balancing contribution to development", stressing "the need to diversify Iraq's economy, especially after the decline of many economic sectors for high dependence on the oil sector over the past years."
Abdul-Mahdi called the "asylum for bold steps in the area of investment and attract capital to promote economic realities and access to investment funds in the budget at the same time, pointing out that" the agreement with the county can provide imports million barrels missing from expenditure in 2014. "
By Abdul Mahdi said, "the responsibility of non oil and gas Act legislation be borne by all concerned," he said, adding that "the absence of law and regulations made it difficult to resolve the issues of export of oil from the region."
A parliamentary source said earlier Monday that the House began debating the repercussions of falling oil prices with oil Minister Adel Abdul Mahdi.
[You must be registered and logged in to see this link.]
