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Finance Committee: differences Baghdad and Erbil on oil will not solve the stand and an obstacle to the adoption of 2016 budget
10/15/15
BAGHDAD
Parliamentary Finance Committee, confirmed Thursday, the failure of the KRG and the federal government on solutions to the oil, adding that these differences will stand obstacle to the adoption of the 2016 budget, while ruled Iraq was able to produce 3.6 million barrels of oil a day.
A member of the committee MP Hossam punitive for "Sky Press," that "the differences between the center and the region is not solved two sides will not be able to solve them, which is one of the obstacles that stand obstacle to the adoption of the 2016 budget," he said, adding that "Iraq planned to produce three million and 600 000 barrels of oil per day in the next year's budget. "
He added that "it is difficult to achieve in the current circumstances, because in the previous year was planned in the 2015 budget of three million and 300 thousand barrels of oil production per day, but that this amount did not materialize, due to fulfill the region."
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.
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10/15/15
BAGHDAD
Parliamentary Finance Committee, confirmed Thursday, the failure of the KRG and the federal government on solutions to the oil, adding that these differences will stand obstacle to the adoption of the 2016 budget, while ruled Iraq was able to produce 3.6 million barrels of oil a day.
A member of the committee MP Hossam punitive for "Sky Press," that "the differences between the center and the region is not solved two sides will not be able to solve them, which is one of the obstacles that stand obstacle to the adoption of the 2016 budget," he said, adding that "Iraq planned to produce three million and 600 000 barrels of oil per day in the next year's budget. "
He added that "it is difficult to achieve in the current circumstances, because in the previous year was planned in the 2015 budget of three million and 300 thousand barrels of oil production per day, but that this amount did not materialize, due to fulfill the region."
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.
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