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Parliamentary Energy: Oil Ministry obliged to export 3.3 million barrels per day to achieve a realistic budget
BAGHDAD - ((eighth day)) Confirmed to the Commission on oil and energy parliamentary member Awad al-Awadi, the Oil Ministry binding export 3.3 million barrels to achieve dependence on oil ratio for the completion of the general budget for 2015. Al-Awadi said, "We are obliged to have a budget include export volumes of 3.3 million barrels of oil, which is realistic and can be for the oil ministry to skip this quantity." He added that "this issue should be part of Iraq's share of OPEC, represented by 3% in export and 5% in production, so the reduced export leads to the loss of Iraq of these ratios in the organization." Al-Awadi said "The oil ministry is able to be confirmed achieve more than that, as the export arrived in the past few days to 2.9, which is close to the required amount, after the introduction of the share of the Kurdistan region and the entire export of 550 000 barrels of oil from the North." He said he "can get to export 3.3 million barrels in the months of February or March next, and can be increased in the second half of this year, more than this amount in next June, and this is the promise of the oil minister," pointing out that "the committee follows up with The ministry this side. " He said the "low oil prices also led to a decline in global economic development," predicted that "there will be a gradual rise in oil prices could offset the current decline in the budget." The Oil Minister Adel Abdul-Mahdi, announced during hosted in the oil and energy parliamentary, last week, that "at the Oil Ministry's strategy to raise oil production to four million barrels per day," he said, adding that "the ministry will try to raise oil production to nearly five million barrels of oil per day in 2019 ".
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BAGHDAD - ((eighth day)) Confirmed to the Commission on oil and energy parliamentary member Awad al-Awadi, the Oil Ministry binding export 3.3 million barrels to achieve dependence on oil ratio for the completion of the general budget for 2015. Al-Awadi said, "We are obliged to have a budget include export volumes of 3.3 million barrels of oil, which is realistic and can be for the oil ministry to skip this quantity." He added that "this issue should be part of Iraq's share of OPEC, represented by 3% in export and 5% in production, so the reduced export leads to the loss of Iraq of these ratios in the organization." Al-Awadi said "The oil ministry is able to be confirmed achieve more than that, as the export arrived in the past few days to 2.9, which is close to the required amount, after the introduction of the share of the Kurdistan region and the entire export of 550 000 barrels of oil from the North." He said he "can get to export 3.3 million barrels in the months of February or March next, and can be increased in the second half of this year, more than this amount in next June, and this is the promise of the oil minister," pointing out that "the committee follows up with The ministry this side. " He said the "low oil prices also led to a decline in global economic development," predicted that "there will be a gradual rise in oil prices could offset the current decline in the budget." The Oil Minister Adel Abdul-Mahdi, announced during hosted in the oil and energy parliamentary, last week, that "at the Oil Ministry's strategy to raise oil production to four million barrels per day," he said, adding that "the ministry will try to raise oil production to nearly five million barrels of oil per day in 2019 ".
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