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Parliamentary speaks of "theft of public Musharanh" over oil licenses
Sunday 04-10-2015
Twilight News / called the parliamentary finance committee member Haitham al-Jubouri, on Sunday, the Iraqi government to cancel oil licensing rounds "immediately," adding that it "theft of public Musharanh" of the wealth of the people.
Jubouri said in a statement responded to Twilight News, "We call on the Iraqi government to cancel oil licensing rounds immediately because they represent a public Musharanh theft of the wealth of the Iraqi people," adding that it "cost the state budget $ 21 billion a year."
He said it was "equivalent to the amount of each is sold from the increase in oil production than it was before those rounds where it is equivalent to selling a million and a half million barrels per day of $ 39, an amount the sale of Iraqi oil," explaining, "in other words, that every increase oil production went funds For those companies on current prices. "
And companies that invest receive Iraqi oil fields fixed fee for each barrel extracted, regardless of crude prices in world markets.
Oil prices have tumbled gradually since last year, which put Iraq in a financial crisis due to its dependence on crude sale revenues to finance about 95 percent of expenses.
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Sunday 04-10-2015
Twilight News / called the parliamentary finance committee member Haitham al-Jubouri, on Sunday, the Iraqi government to cancel oil licensing rounds "immediately," adding that it "theft of public Musharanh" of the wealth of the people.
Jubouri said in a statement responded to Twilight News, "We call on the Iraqi government to cancel oil licensing rounds immediately because they represent a public Musharanh theft of the wealth of the Iraqi people," adding that it "cost the state budget $ 21 billion a year."
He said it was "equivalent to the amount of each is sold from the increase in oil production than it was before those rounds where it is equivalent to selling a million and a half million barrels per day of $ 39, an amount the sale of Iraqi oil," explaining, "in other words, that every increase oil production went funds For those companies on current prices. "
And companies that invest receive Iraqi oil fields fixed fee for each barrel extracted, regardless of crude prices in world markets.
Oil prices have tumbled gradually since last year, which put Iraq in a financial crisis due to its dependence on crude sale revenues to finance about 95 percent of expenses.
[You must be registered and logged in to see this link.]
