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Finance: sell oil to the highest of $ 45 and major oil companies told us their expectations
October 13, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - said the Ministry of Finance, said that the estimates identified by the sale price of oil dollars with 45 per barrel to balance in 2016 was built on consulting major oil companies, which confirmed its forecast higher oil prices early next year, noting that Iraq sells Oil is currently higher than $ 45 per barrel.
He said Undersecretary Fadel prophet's (IMN), "The figures contained in the draft federal budget brought to the Council of Ministers Law are subject to change at the Council of Ministers and the House of Representatives, but the change will not be significant and would not include the size of the overall budget."
Prophet said that "the Ministry of Finance when the sale price of oil estimated dollars with 45 per barrel, there told us that the great price and the type of optimism, but the ministry adopted in estimating the price on the advice of the world's major oil companies, which confirmed that oil prices will rise early next year." .
Prophet said that "Iraq is currently the highest selling oil from $ 45 a barrel, and there is oil in global markets during the past two days, prices rise."
Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).
The draft budget also provides for the continuation of the agreement concluded in late 2014 with the Kurdistan region, which stipulates that the Government of the Territory, to export up to 550 thousand barrels per day of oil for the benefit of the Iraqi government in return for the grant of Baghdad to Arbil, 17% of the budget payments.
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October 13, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - said the Ministry of Finance, said that the estimates identified by the sale price of oil dollars with 45 per barrel to balance in 2016 was built on consulting major oil companies, which confirmed its forecast higher oil prices early next year, noting that Iraq sells Oil is currently higher than $ 45 per barrel.
He said Undersecretary Fadel prophet's (IMN), "The figures contained in the draft federal budget brought to the Council of Ministers Law are subject to change at the Council of Ministers and the House of Representatives, but the change will not be significant and would not include the size of the overall budget."
Prophet said that "the Ministry of Finance when the sale price of oil estimated dollars with 45 per barrel, there told us that the great price and the type of optimism, but the ministry adopted in estimating the price on the advice of the world's major oil companies, which confirmed that oil prices will rise early next year." .
Prophet said that "Iraq is currently the highest selling oil from $ 45 a barrel, and there is oil in global markets during the past two days, prices rise."
Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).
The draft budget also provides for the continuation of the agreement concluded in late 2014 with the Kurdistan region, which stipulates that the Government of the Territory, to export up to 550 thousand barrels per day of oil for the benefit of the Iraqi government in return for the grant of Baghdad to Arbil, 17% of the budget payments.
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