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Oil Minister: pay off $ 9 billion in arrears for oil companies
Tuesday 25 August 2015
Oil sector achieve more successes, despite the difficulties
Books and Oil Minister Adel Abdul-Hadi in the newspaper "justice" the following story:
despite all the financial difficulties and the deterioration of oil prices and the conditions of security, social and economic upheavals that affect everyone, the oil sector was able to progress steady and escalating pace.
The ministry with the assistance of the Ministry of Finance and the Central Bank and the support of the President of the Council of Minister to pay nine billion dollars for the rest of the dues in 2014 to oil companies, also blasted the first quarter of 2015 and works on the payment of the second chapter in these days, and would be reimbursed by the third quarter before the end of the year, and as usual will reimburse the fourth quarter after the submission of the costs at the beginning of 2016. As He Atdarc with companies and means of reducing costs and linking fluctuations in oil prices for the benefit of the parties at higher prices, or bear their together burdens when they fall.
In the area of production led oil "Basra heavy" placing on the market next to "Basra light" to the rapid increase in production, starting From the month of June, by 200-300 thousand barrels per day, which achieved an estimated B220-250 million dollars a month monthly resources, with even calculate the price of "heavy difference" for "light."
exceed exports from Iraq's southern ports, with the end of the year, was estimated in the budget of 2015, ie 2.75 million barrels / day .. Since June, Iraq exported from the southern ports of more than 3 million barrels / day .. and certainly if "Sumo" received what was agreed upon with the Kurdistan Regional Government, for exceeded exports Iraq estimates budget amounting to 3.3 million barrels / day, exceeding 3.5 million barrels / day, especially if we add 200-250 thousand barrel / day supplied by the Ministry of Electricity, far and gone beyond what we committed ourselves to do in the budget estimates for 2015, which contributed in no small part to alleviate some of the burden of falling oil prices.
There are great efforts have been made to overcome a lot of infrastructure difficulties Kalkhozanat water pumping and pipeline network platforms helped all on the development of export and productive capacities .. Today, there are also great efforts to expand the national effort to increase and activate large energies found. And that negative talk a lot, which is traded on the laziness of Iraqis and Tlkuhm and corruption must not hide the great truths of the Champions true, at least work for any fighter offers his life Fdaoua in the fight against terrorism and gangs "Daash."
Can not field to talk more about important advances in the field of gas, as it declined heartburn, there actively pursued to stop wasting this great wealth .. On the other hand, had all the conditions to stop liquid gas white oil import .. As the sector processing and the Ministry of Electricity in full production of dry gas, which reached the daily average for the first week of the month of August 580 Mqmq. Also can not field to talk about increasing production lines for gasoline and gasoline and other products, which otherwise would have witnessed the country's serious crises in derivatives, due to the financial health and stop the Baiji refinery, which has been providing the country with half its needs of these products, as well as the rest of the refineries and fields seized by "Daash" or disrupts the work.
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Tuesday 25 August 2015
Oil sector achieve more successes, despite the difficulties
Books and Oil Minister Adel Abdul-Hadi in the newspaper "justice" the following story:
despite all the financial difficulties and the deterioration of oil prices and the conditions of security, social and economic upheavals that affect everyone, the oil sector was able to progress steady and escalating pace.
The ministry with the assistance of the Ministry of Finance and the Central Bank and the support of the President of the Council of Minister to pay nine billion dollars for the rest of the dues in 2014 to oil companies, also blasted the first quarter of 2015 and works on the payment of the second chapter in these days, and would be reimbursed by the third quarter before the end of the year, and as usual will reimburse the fourth quarter after the submission of the costs at the beginning of 2016. As He Atdarc with companies and means of reducing costs and linking fluctuations in oil prices for the benefit of the parties at higher prices, or bear their together burdens when they fall.
In the area of production led oil "Basra heavy" placing on the market next to "Basra light" to the rapid increase in production, starting From the month of June, by 200-300 thousand barrels per day, which achieved an estimated B220-250 million dollars a month monthly resources, with even calculate the price of "heavy difference" for "light."
exceed exports from Iraq's southern ports, with the end of the year, was estimated in the budget of 2015, ie 2.75 million barrels / day .. Since June, Iraq exported from the southern ports of more than 3 million barrels / day .. and certainly if "Sumo" received what was agreed upon with the Kurdistan Regional Government, for exceeded exports Iraq estimates budget amounting to 3.3 million barrels / day, exceeding 3.5 million barrels / day, especially if we add 200-250 thousand barrel / day supplied by the Ministry of Electricity, far and gone beyond what we committed ourselves to do in the budget estimates for 2015, which contributed in no small part to alleviate some of the burden of falling oil prices.
There are great efforts have been made to overcome a lot of infrastructure difficulties Kalkhozanat water pumping and pipeline network platforms helped all on the development of export and productive capacities .. Today, there are also great efforts to expand the national effort to increase and activate large energies found. And that negative talk a lot, which is traded on the laziness of Iraqis and Tlkuhm and corruption must not hide the great truths of the Champions true, at least work for any fighter offers his life Fdaoua in the fight against terrorism and gangs "Daash."
Can not field to talk more about important advances in the field of gas, as it declined heartburn, there actively pursued to stop wasting this great wealth .. On the other hand, had all the conditions to stop liquid gas white oil import .. As the sector processing and the Ministry of Electricity in full production of dry gas, which reached the daily average for the first week of the month of August 580 Mqmq. Also can not field to talk about increasing production lines for gasoline and gasoline and other products, which otherwise would have witnessed the country's serious crises in derivatives, due to the financial health and stop the Baiji refinery, which has been providing the country with half its needs of these products, as well as the rest of the refineries and fields seized by "Daash" or disrupts the work.
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