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Parliament calls for energy to develop a plan to avoid crises of lower oil prices
2015/11/6
{Baghdad: Euphrates News} called on the Commission on oil and energy parliamentary, to put a deliberate plan to avoid the crises caused by the fluctuation of oil prices and the fall.
The committee member said Kawa Mohamed told {Euphrates News} "The increase in oil exports, and to work according to a deliberate plan contributes significantly to reducing the fiscal deficit in the public budget," pointing out that "oil exports and the price of oil affect directly on the Iraqi economy, which depends Tam on oil.
"He noted that" the general budget for the current year was built on the basis of export 3 million barrels per day, while the general budget for 2016, was built on the basis of export 3.06 million barrels per day to avoid the negative effects caused by price drop that.
"It is noteworthy that there is a government and a parliamentary approach, to move away from dependence on the oil sector and to go to the industrial sector and the agricultural sector, in addition to activating the private sector.
The Oil Ministry announced earlier near the opening of Dhi Qar refinery, as well as increase its output during the past year.
The Minister of Oil Adel Abdul-Mahdi said Iraq has great opportunities to reduce expenses covered and to maximize resources, and involving the national effort in own oil and gas wealth of equipment and drilling, exploration and project business, stressing give national effort greater importance which gave and that there are great opportunities is the catalyst to reduce costs and maximize resources and promote their work, including provided extra labor and benefits Kta
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