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Of the oil: the financial crisis has reduced dues "petro-dollar" for the oil-producing provinces
December 27, 2014, 11:04
BAGHDAD - ((eighth day)) He assured the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, local departments of the provinces of the oil-producing it will get the maturity if oil prices rose globally. Uloum said that "not to give the oil-producing provinces full maturity of petrodollars, and of five dollars per barrel, came because of the financial crisis in the country," adding, "it was the adoption of the $ 2 producing provinces, to keep $ 3, Kedjar of these provinces until the situation improves. " He explained, "The remainder of the five dollars, will prove in the budget that will be settled computational procedures in the next budget for the purpose of securing the remaining US $ 3." For his part, stressed adviser Speaker of the House Economic Affairs, Ali Fayad, said that "the country is going through an economic crisis because of lower oil prices, and to intensify efforts to fight al Daash, so the oil-producing provinces understand the general interest of the country which dictates a reduction in the proportion of petrodollars in the budget." "The reduction in the proportion of provincial allocations of petrodollars was due beyond government control effects," he said, adding that members of the House of Representatives in the case were convinced the justification for reducing the proportion of petrodollars will pass the budget majority. It should be noted, that the Council of Ministers, was allocated $ 2 provinces producing oil for every barrel produced in the federal budget for 2015, which passed within the Council of Ministers last week, and wait for the ratification of the Parliament.
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December 27, 2014, 11:04
BAGHDAD - ((eighth day)) He assured the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, local departments of the provinces of the oil-producing it will get the maturity if oil prices rose globally. Uloum said that "not to give the oil-producing provinces full maturity of petrodollars, and of five dollars per barrel, came because of the financial crisis in the country," adding, "it was the adoption of the $ 2 producing provinces, to keep $ 3, Kedjar of these provinces until the situation improves. " He explained, "The remainder of the five dollars, will prove in the budget that will be settled computational procedures in the next budget for the purpose of securing the remaining US $ 3." For his part, stressed adviser Speaker of the House Economic Affairs, Ali Fayad, said that "the country is going through an economic crisis because of lower oil prices, and to intensify efforts to fight al Daash, so the oil-producing provinces understand the general interest of the country which dictates a reduction in the proportion of petrodollars in the budget." "The reduction in the proportion of provincial allocations of petrodollars was due beyond government control effects," he said, adding that members of the House of Representatives in the case were convinced the justification for reducing the proportion of petrodollars will pass the budget majority. It should be noted, that the Council of Ministers, was allocated $ 2 provinces producing oil for every barrel produced in the federal budget for 2015, which passed within the Council of Ministers last week, and wait for the ratification of the Parliament.
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