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Oil and financial Alniabaten discussing asked Abdul-Mahdi Treasury bond to pay dues companies operating in Iraq
2015/3/30
{Baghdad: Euphrates News} Committees oil, energy and finance held a meeting attended by members of the two committees and a delegation from the Ministry of Oil subject of exports and revenues of crude oil and the problems and obstacles faced by the extraction, production and export operations in light of Iraq's budget's dependence on only oil exports.
According to a statement to parliament agency {Euphrates News} received a copy of it on "The meeting stressed that this issue is one of the big problems that hinder the reforms process because of the instability of oil prices and the adoption of the budget on oil revenues only, and cautioned participants to the need to take advantage of other resources and open the door investment. "
"The meeting also discussed in detail of the oil companies, financial receivables in licensing rounds and the method of payment and the proportion of deficit and the oil ministry's budget and lower oil prices, which affected the payment of dues, and asked Oil Minister Adel Abdul Mahdi, treasury bills of the Ministry of Finance to pay those dues and the postponement of some projects, but the situation of financial dues to companies controlled for this year. "
The Oil Ministry has earlier announced its agreement with the Central Bank of Iraq to launch treasury bonds worth {12} billion dollars to pay dues to foreign companies and contractors working in the oil fields.
Oil Minister Adel Abdul-Mahdi, had confirmed in an earlier time news conference that "with the financial squeeze there between us and the companies financial dues were paid part of the dues in 2013 and we left some dues to 2014 and there are also benefits in 2015, and these account for a large amount exceeding $ 20 billion and prices Oil collapsed and you have to give these sources. "
He stressed that "these amounts will have been anticipating the events was provided exporters first key sectors are allocated in the budget for Assadod what was allocated to companies in the general budget, a $ 14 trillion dinars and the second thing is that the legitimacy of the ministry demanding Prime Minister and Minister of Finance firing treasury bonds worth $ 12 billion and we started procedures in order to cover the dues companies. "
Abdul-Mahdi stressed that "entitlements companies enjoy priority because the profitability of companies, in order to achieve specific gains you work and handed over the oil of Iraq and we have to recognize the amounts due and if they do not provide those funds, there will be lower production" .anthy
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2015/3/30
{Baghdad: Euphrates News} Committees oil, energy and finance held a meeting attended by members of the two committees and a delegation from the Ministry of Oil subject of exports and revenues of crude oil and the problems and obstacles faced by the extraction, production and export operations in light of Iraq's budget's dependence on only oil exports.
According to a statement to parliament agency {Euphrates News} received a copy of it on "The meeting stressed that this issue is one of the big problems that hinder the reforms process because of the instability of oil prices and the adoption of the budget on oil revenues only, and cautioned participants to the need to take advantage of other resources and open the door investment. "
"The meeting also discussed in detail of the oil companies, financial receivables in licensing rounds and the method of payment and the proportion of deficit and the oil ministry's budget and lower oil prices, which affected the payment of dues, and asked Oil Minister Adel Abdul Mahdi, treasury bills of the Ministry of Finance to pay those dues and the postponement of some projects, but the situation of financial dues to companies controlled for this year. "
The Oil Ministry has earlier announced its agreement with the Central Bank of Iraq to launch treasury bonds worth {12} billion dollars to pay dues to foreign companies and contractors working in the oil fields.
Oil Minister Adel Abdul-Mahdi, had confirmed in an earlier time news conference that "with the financial squeeze there between us and the companies financial dues were paid part of the dues in 2013 and we left some dues to 2014 and there are also benefits in 2015, and these account for a large amount exceeding $ 20 billion and prices Oil collapsed and you have to give these sources. "
He stressed that "these amounts will have been anticipating the events was provided exporters first key sectors are allocated in the budget for Assadod what was allocated to companies in the general budget, a $ 14 trillion dinars and the second thing is that the legitimacy of the ministry demanding Prime Minister and Minister of Finance firing treasury bonds worth $ 12 billion and we started procedures in order to cover the dues companies. "
Abdul-Mahdi stressed that "entitlements companies enjoy priority because the profitability of companies, in order to achieve specific gains you work and handed over the oil of Iraq and we have to recognize the amounts due and if they do not provide those funds, there will be lower production" .anthy
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