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A parliamentary committee: the Oil Ministry to increase production to avoid a deficit in the budget next
Monday, 02 December / 2 January 2012 10:36
Baghdad {: News} Euphrates stressed member of the Commission on oil and energy parliamentary Susan Saad, the need to increase oil production to avoid a shortage in the country's budget for the coming years similar to the deficit in the current budget.
The Iraqi government last month approved the budget that the year 2012, which amounted to 117 trillion Iraqi dinars, the equivalent of $ 100 billion deficit by $ 17 trillion dinars, the equivalent of $ 14.5 billion.
And adopted the budget on the calculation of the rate of default price for a barrel of Iraqi oil is $ 85 and the size of exports 2.6 million barrels per day, while the exports of the country's current 2.2 million barrels per day.
Said Saad told the News} {Euphrates on Monday that "the 2012 budget deficit makes it imperative for the Oil Ministry to increase its oil production in the current year in order to avoid a similar deficit in the coming years."
The MP for the mass of virtue for the province of Basra to the "low oil prices lead to think carefully about the future plan of the Ministry of Oil." Ended.
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________________________________________
A parliamentary committee: the Oil Ministry to increase production to avoid a deficit in the budget next
Monday, 02 December / 2 January 2012 10:36
Baghdad {: News} Euphrates stressed member of the Commission on oil and energy parliamentary Susan Saad, the need to increase oil production to avoid a shortage in the country's budget for the coming years similar to the deficit in the current budget.
The Iraqi government last month approved the budget that the year 2012, which amounted to 117 trillion Iraqi dinars, the equivalent of $ 100 billion deficit by $ 17 trillion dinars, the equivalent of $ 14.5 billion.
And adopted the budget on the calculation of the rate of default price for a barrel of Iraqi oil is $ 85 and the size of exports 2.6 million barrels per day, while the exports of the country's current 2.2 million barrels per day.
Said Saad told the News} {Euphrates on Monday that "the 2012 budget deficit makes it imperative for the Oil Ministry to increase its oil production in the current year in order to avoid a similar deficit in the coming years."
The MP for the mass of virtue for the province of Basra to the "low oil prices lead to think carefully about the future plan of the Ministry of Oil." Ended.
[You must be registered and logged in to see this link.]
