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Oil Minister: Iraq's oil production will reach four million barrels per day
01/19/2015 10:46
Tomorrow Press / Baghdad: Oil Minister Adel Abdul Mahdi, on Monday that Iraq's oil production will reach four million barrels per day, to compensate for the drop in oil prices in world markets.
Said Abdul-Mahdi, in a joint press conference with his Turkish counterpart Taner Yildiz, on Sunday evening, attended by "tomorrow Press" that, "Iraq has made great efforts and invested large sums of money to get to the rate of four million barrels of production," adding that "to increase oil production volume will help offset the decline in oil prices, especially since it is expected that the size of Iraq's exports of up to 3.3 million barrels. "
"The Oil Ministry had proposed building a public budget based on $ 60 per barrel, and that a good estimate based on market conditions before they reach prices to bottom."
For his part, Minister of Oil Turkey, Taner Yildiz during the conference that "there is a new agreement to provide electrical power to the province of Basra over the buoy," adding that "Iraq is ranked second in the Turkish exports and oil Kirkuk passing through belongs to the Iraqi people Collect Ceyhan line."
And experiencing many countries in the world economic crisis, as a result of falling oil prices, the global stock market, prompting Prime Minister Haider al-Abadi, to call the House of Representatives, to reduce the budget again, and not to bring it back to the government, especially after the decline last puff on oil prices, which reached according Global stock to $ 48 per barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran elder with Iraq at a lower price, as a result, the Iraqi government was forced to announce, an austere operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Cabinet salaries 50%.
The Council of Ministers approved in its regular, in 23 of the current December, the budget bill and sent it to Parliament for formal approval, pointing out that the budget approved B123. -
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01/19/2015 10:46
Tomorrow Press / Baghdad: Oil Minister Adel Abdul Mahdi, on Monday that Iraq's oil production will reach four million barrels per day, to compensate for the drop in oil prices in world markets.
Said Abdul-Mahdi, in a joint press conference with his Turkish counterpart Taner Yildiz, on Sunday evening, attended by "tomorrow Press" that, "Iraq has made great efforts and invested large sums of money to get to the rate of four million barrels of production," adding that "to increase oil production volume will help offset the decline in oil prices, especially since it is expected that the size of Iraq's exports of up to 3.3 million barrels. "
"The Oil Ministry had proposed building a public budget based on $ 60 per barrel, and that a good estimate based on market conditions before they reach prices to bottom."
For his part, Minister of Oil Turkey, Taner Yildiz during the conference that "there is a new agreement to provide electrical power to the province of Basra over the buoy," adding that "Iraq is ranked second in the Turkish exports and oil Kirkuk passing through belongs to the Iraqi people Collect Ceyhan line."
And experiencing many countries in the world economic crisis, as a result of falling oil prices, the global stock market, prompting Prime Minister Haider al-Abadi, to call the House of Representatives, to reduce the budget again, and not to bring it back to the government, especially after the decline last puff on oil prices, which reached according Global stock to $ 48 per barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran elder with Iraq at a lower price, as a result, the Iraqi government was forced to announce, an austere operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Cabinet salaries 50%.
The Council of Ministers approved in its regular, in 23 of the current December, the budget bill and sent it to Parliament for formal approval, pointing out that the budget approved B123. -
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