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Kurdistan: Oil imports for the month of August exceeded what we promised and reached one billion and a half billion dollars
08/22/2015
(Independent) ... announced the Ministry of Natural Resources in the Kurdistan region that imports of oil during the month of August being surpassed what it promised and reached one billion and a half billion dollars, and as pointed guaranteed amount of $ 850 million a month until 2016 by providing oil to buyers in the future.
The ministry said in a statement received (Independent) said Saturday that "the ministry has achieved an increase in oil exports, in spite of political and economic problems and exposure oil pipeline extending from the region via Turkey to theft," noting that "the ministry began since the twentieth of a father to sell oil directly to put the region's oil buyer to put the region's oil buyer amount billion and $ 24 million in addition to $ 187.5 million were added yesterday in the region accounts in Kurdistan International Bank for the benefit of the region and the Ministry of Finance. "
He added that "the amount of $ 125 million will be placed in the region at the expense of the 24 this August, bringing the total amounts to one billion and 55 million dollars," adding that "the receipt of such amounts from the work of the Ministry of Finance in the region".
The statement emphasized that "the Ministry of wealth has made payments exceeded what had been promised, according to commercial contracts," pointing out that "the Government of the Territory and five Kurdish parties endorsed the region oil directly agreement for sale since last June the government was able to provide its expenses and staff salaries and the payment of oil companies to ensure their survival and raise oil exports, which is very important for the recovery of the region's economy. "
He explained that "the former head of the Government of Iraq Nuri al-Maliki has in 2014 to cut off the territorial Government employees' salaries fully and cause a major financial crisis for the region," adding that "the Ministry of Natural Resources and since then, even though the oil exports was able to support oil and gas, the highest in the region Council finding an alternative source for the region by increasing the switching capabilities oil pipelines and increase oil exports and to ensure the receipt of advance payments by providing oil to buyers in the future. "
The statement emphasized that "the Government of the Territory was able to bypass most of the crises of the financial entity for the year 2014 despite the non-payment of salaries of employees in a timely manner," pointing out that "the region faced during the 2014 sudden problems which have had a significant and direct impact on the financial situation of the province, such as war (Daash ) economic and gravity caused by displaced people in the region where there is more than 1.0008 million thousand displaced people in the region. "
The statement noted that "the Government of the Territory and the support of the five Kurdish parties decided at the end of 2014 and after further discussions with the federal government to give a chance to the new Iraqi government headed by Haidar al-Abbadi and which included the provision of a specific section of the oil region of the company Sumo in front of dues full region of the budget for the federal government 2015 and that up to one billion dollars per month, which was ratified in the Iraqi government's budget for 2015. "
It pointed out that "the Baghdad government was unable to fulfill was repaid three financial entitlements during the first five months of 2015, adding to the economic crisis in the region and delayed staff including the Peshmerga and Interior Ministry salaries", noting that "the Ministry of Natural Resources has in-depth study in the spring 2015 held a series of meetings with the Supreme Council for Oil and Gas in the region and the Council of Ministers and heads of the five Kurdish parties, the Kurdistan Parliament and parliamentarians of the Kurds in Iraq to clarify what will be in front of us and ahead of us. "
He explained that "the finance minister backed by the Council of Ministers to reduce government expenses and the increase in imports in the region did not and find political support especially for some of the decisions that were, however, the party to which he belongs to achieve the reform program," adding that "the lack of budget from Baghdad and the non-implementation of the reform program caused a delay of salaries Peshmerga forces and the Interior Ministry. "
The statement said that "the Kurdistan region was taken at the 24 June a political decision to ensure the increase of oil exports from the Ministry of Natural Resources to reach 500 thousand barrels of crude oil from fields in the region, where it was hoped to remain the price of oil to $ 55 per barrel for the rest of 2015," noting that "territory was expected to export up to $ 850 million to pay expenses and salaries in arrears region."
He continued that "the Ministry of Finance is responsible for the receipt of the amounts of oil exports from Kurdistan International Bank and Halk Bank in Turkey in accordance with the powers granted by the Prime Minister of the Government of the Territory Minister of Finance at the beginning of July to manage the movement of cash in the account Government of the Territory in Halk Bank in Turkey, in the absence of entry other imports to Halk Bank for any reason must be entered in the Ministry of Finance calculated by the Kurdistan International Bank ".
The statement noted that "the Ministry of Natural Resources had to the completion of contracts with markets and buyers with the international history of the oil or which has been implemented in the third week of June by the Supreme Council for Oil and Gas was unbelievable for the implementation of the points above," pointing out that "the Ministry of wealth Natural forced buyers to provide the amount of $ 850 million a month, was to convince them to defer the receipt of oil before the amounts paid in advance of 2014 and up to 2016 ".
The statement called on the Ministry of Finance in Kurdistan seeking to prevent interference by any political party or hand in the work of the ministry, and not to monitor the work of the ministry ", calling for" the work of everyone in order to Kurdistan and a better life for the citizens. "(End)
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08/22/2015
(Independent) ... announced the Ministry of Natural Resources in the Kurdistan region that imports of oil during the month of August being surpassed what it promised and reached one billion and a half billion dollars, and as pointed guaranteed amount of $ 850 million a month until 2016 by providing oil to buyers in the future.
The ministry said in a statement received (Independent) said Saturday that "the ministry has achieved an increase in oil exports, in spite of political and economic problems and exposure oil pipeline extending from the region via Turkey to theft," noting that "the ministry began since the twentieth of a father to sell oil directly to put the region's oil buyer to put the region's oil buyer amount billion and $ 24 million in addition to $ 187.5 million were added yesterday in the region accounts in Kurdistan International Bank for the benefit of the region and the Ministry of Finance. "
He added that "the amount of $ 125 million will be placed in the region at the expense of the 24 this August, bringing the total amounts to one billion and 55 million dollars," adding that "the receipt of such amounts from the work of the Ministry of Finance in the region".
The statement emphasized that "the Ministry of wealth has made payments exceeded what had been promised, according to commercial contracts," pointing out that "the Government of the Territory and five Kurdish parties endorsed the region oil directly agreement for sale since last June the government was able to provide its expenses and staff salaries and the payment of oil companies to ensure their survival and raise oil exports, which is very important for the recovery of the region's economy. "
He explained that "the former head of the Government of Iraq Nuri al-Maliki has in 2014 to cut off the territorial Government employees' salaries fully and cause a major financial crisis for the region," adding that "the Ministry of Natural Resources and since then, even though the oil exports was able to support oil and gas, the highest in the region Council finding an alternative source for the region by increasing the switching capabilities oil pipelines and increase oil exports and to ensure the receipt of advance payments by providing oil to buyers in the future. "
The statement emphasized that "the Government of the Territory was able to bypass most of the crises of the financial entity for the year 2014 despite the non-payment of salaries of employees in a timely manner," pointing out that "the region faced during the 2014 sudden problems which have had a significant and direct impact on the financial situation of the province, such as war (Daash ) economic and gravity caused by displaced people in the region where there is more than 1.0008 million thousand displaced people in the region. "
The statement noted that "the Government of the Territory and the support of the five Kurdish parties decided at the end of 2014 and after further discussions with the federal government to give a chance to the new Iraqi government headed by Haidar al-Abbadi and which included the provision of a specific section of the oil region of the company Sumo in front of dues full region of the budget for the federal government 2015 and that up to one billion dollars per month, which was ratified in the Iraqi government's budget for 2015. "
It pointed out that "the Baghdad government was unable to fulfill was repaid three financial entitlements during the first five months of 2015, adding to the economic crisis in the region and delayed staff including the Peshmerga and Interior Ministry salaries", noting that "the Ministry of Natural Resources has in-depth study in the spring 2015 held a series of meetings with the Supreme Council for Oil and Gas in the region and the Council of Ministers and heads of the five Kurdish parties, the Kurdistan Parliament and parliamentarians of the Kurds in Iraq to clarify what will be in front of us and ahead of us. "
He explained that "the finance minister backed by the Council of Ministers to reduce government expenses and the increase in imports in the region did not and find political support especially for some of the decisions that were, however, the party to which he belongs to achieve the reform program," adding that "the lack of budget from Baghdad and the non-implementation of the reform program caused a delay of salaries Peshmerga forces and the Interior Ministry. "
The statement said that "the Kurdistan region was taken at the 24 June a political decision to ensure the increase of oil exports from the Ministry of Natural Resources to reach 500 thousand barrels of crude oil from fields in the region, where it was hoped to remain the price of oil to $ 55 per barrel for the rest of 2015," noting that "territory was expected to export up to $ 850 million to pay expenses and salaries in arrears region."
He continued that "the Ministry of Finance is responsible for the receipt of the amounts of oil exports from Kurdistan International Bank and Halk Bank in Turkey in accordance with the powers granted by the Prime Minister of the Government of the Territory Minister of Finance at the beginning of July to manage the movement of cash in the account Government of the Territory in Halk Bank in Turkey, in the absence of entry other imports to Halk Bank for any reason must be entered in the Ministry of Finance calculated by the Kurdistan International Bank ".
The statement noted that "the Ministry of Natural Resources had to the completion of contracts with markets and buyers with the international history of the oil or which has been implemented in the third week of June by the Supreme Council for Oil and Gas was unbelievable for the implementation of the points above," pointing out that "the Ministry of wealth Natural forced buyers to provide the amount of $ 850 million a month, was to convince them to defer the receipt of oil before the amounts paid in advance of 2014 and up to 2016 ".
The statement called on the Ministry of Finance in Kurdistan seeking to prevent interference by any political party or hand in the work of the ministry, and not to monitor the work of the ministry ", calling for" the work of everyone in order to Kurdistan and a better life for the citizens. "(End)
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