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Oil reveal raise the productivity of the southern wells to fill the budget deficit
BAGHDAD - ((eighth day))
Revealed that the Ministry of Oil, on Wednesday, it's going to raise the productivity of some oil wells in the southern provinces to strengthen Iraq's imports and fill the budget deficit in 2015, while the government has indicated that it is committed to the curriculum in terms of austerity.
He said ministry spokesman Assem Jihad, in a televised interview I followed ((eighth day)) "The oil ministry has taken a series of measures during the last period of which increase the amount of oil exports to compensate for exports, which stopped in the northern regions were produced from 300 to 400 000 barrels per day," noting that "the government is committed to the curriculum in terms of austerity and increased resources and anti-corruption ministry."
Jihad said that "the recent agreement between the federal government and the Kurdistan region, which eliminates the export of 550 000 barrels, offset this shortfall," adding that "the ministry will raise the productivity of a number of oil wells in the southern regions, and this will strengthen Iraq's imports and contribute to closing the budget deficit ".
The price of oil declined, (November 28, 2014), to its lowest level since May 2010 after the Organization of Petroleum Exporting Countries decided (OPEC) not to cut production, leaving an abundance of supply markets.
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BAGHDAD - ((eighth day))
Revealed that the Ministry of Oil, on Wednesday, it's going to raise the productivity of some oil wells in the southern provinces to strengthen Iraq's imports and fill the budget deficit in 2015, while the government has indicated that it is committed to the curriculum in terms of austerity.
He said ministry spokesman Assem Jihad, in a televised interview I followed ((eighth day)) "The oil ministry has taken a series of measures during the last period of which increase the amount of oil exports to compensate for exports, which stopped in the northern regions were produced from 300 to 400 000 barrels per day," noting that "the government is committed to the curriculum in terms of austerity and increased resources and anti-corruption ministry."
Jihad said that "the recent agreement between the federal government and the Kurdistan region, which eliminates the export of 550 000 barrels, offset this shortfall," adding that "the ministry will raise the productivity of a number of oil wells in the southern regions, and this will strengthen Iraq's imports and contribute to closing the budget deficit ".
The price of oil declined, (November 28, 2014), to its lowest level since May 2010 after the Organization of Petroleum Exporting Countries decided (OPEC) not to cut production, leaving an abundance of supply markets.
[You must be registered and logged in to see this link.]
