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The Oil Ministry's "Eye Iraq": the past few months have seen the highest rate of exports stood at 3 million b / d
Tuesday 1 September 2015 | 03:31 evening
BAGHDAD / .. The spokesman for the Oil Ministry, Assem Jihad, Tuesday, that oil production reached its highest number ever recorded by Iraqi exports at a rate of more than 3 million barrels per day, adding that the share of non-delivery of oil from the region affected by the negative impact on revenue.
Jihad said for "Eye Iraq News", that "the previous record in Iraqi exports of oil production by one million 3 and 178 thousand barrels per day," stressing that "the lack of commitment by the province to hand over the agreed quota (550 thousand barrels per day) contributed to affect adversely exports and revenue. "
Jihad said that "despite the effects, but the Ministry is going ahead to increase production to reduce the gap between the price at which approved within the overall budget for 2015 (b $ 56 a barrel) and the current price, which ranges between 40 and 45 dollars", as explained that "Iraq has exported oil during the month of August at a rate of $ 40 a barrel, "the spokesman for the existence of expectations that the" rising price of a barrel in the coming months to $ 60. "
He explained that "gas investment associated with the production of oil is subject to increase the amount of production, where my company (Shell and Mitsubishi) invested from three large oil fields in the country," adding that "there is a plan to increase the production of gas associated with oil to achieve the greatest possible use of resources relating to the production of oil and associated to him, and used in a manner that serves the public good Kedjalha in the operation of the electric power station in Maysan and others. "
The price of oil reached, the end of August, to $ 39 per barrel, while the approved budget on the basis of a price of $ 56, which form a gap deficit amounted to $ 25 billion between exports and revenue, especially that based economy by nearly 98% on oil exports, in light of the deterioration of sectors Alakhary.anthy / 8
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Tuesday 1 September 2015 | 03:31 evening
BAGHDAD / .. The spokesman for the Oil Ministry, Assem Jihad, Tuesday, that oil production reached its highest number ever recorded by Iraqi exports at a rate of more than 3 million barrels per day, adding that the share of non-delivery of oil from the region affected by the negative impact on revenue.
Jihad said for "Eye Iraq News", that "the previous record in Iraqi exports of oil production by one million 3 and 178 thousand barrels per day," stressing that "the lack of commitment by the province to hand over the agreed quota (550 thousand barrels per day) contributed to affect adversely exports and revenue. "
Jihad said that "despite the effects, but the Ministry is going ahead to increase production to reduce the gap between the price at which approved within the overall budget for 2015 (b $ 56 a barrel) and the current price, which ranges between 40 and 45 dollars", as explained that "Iraq has exported oil during the month of August at a rate of $ 40 a barrel, "the spokesman for the existence of expectations that the" rising price of a barrel in the coming months to $ 60. "
He explained that "gas investment associated with the production of oil is subject to increase the amount of production, where my company (Shell and Mitsubishi) invested from three large oil fields in the country," adding that "there is a plan to increase the production of gas associated with oil to achieve the greatest possible use of resources relating to the production of oil and associated to him, and used in a manner that serves the public good Kedjalha in the operation of the electric power station in Maysan and others. "
The price of oil reached, the end of August, to $ 39 per barrel, while the approved budget on the basis of a price of $ 56, which form a gap deficit amounted to $ 25 billion between exports and revenue, especially that based economy by nearly 98% on oil exports, in light of the deterioration of sectors Alakhary.anthy / 8
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