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Financial rate of parliamentary reveal the sale price of a barrel of oil to $ 120
TUESDAY, 01 MAY / MAY 2012 11:57
Twilight News / revealed the Finance Committee in the House of Representatives, Tuesday, that Iraq sells its oil at $ 120 per barrel, indicating that financial abundance differences derived from oil sales should go to "the poor, the sick," according to the law of the budget in 2012.
A member of the parliamentary Finance Committee Najiba Najib's " Twilight News "that" the average price of a barrel of Iraqi oil up to 120 dollars. "
She explained that "the price of $ 85 a barrel Ahzbth the Ministry of Planning to balance the current and next Almoisanat been called to account in agreement with the IMF."
The Undersecretary of the Ministry of Planning Sami when Paul said in a statement obtained by the "Twilight News" "The Ministry of Planning has developed five-year plan coming to Iraq according to the price of $ 85 for a barrel of crude oil for the first year of the plan, which will be implemented from 2013 to 2017," noting that "the ministry based on daily production of up to 2.0009 million barrels a day will rise to up to six million barrels per day in 2017. "
Najib and showed that "the budget law for 2012 committed the government regardless of differences in oil sales to the social protection network and cancer patients and the poor of the Iraqi people, including retirees."
The Oil Ministry aims in its capacity to access oil production for (3) million and a half million barrels of oil a day the end of this year, as will next year increase the production capacity of (4) million barrels to (4) million and a half million barrels a day, and this energy increase for consecutive years, but increased the production capacity of oil required to accelerate expansion of the current export outlets for oil and other new outlets open through Syria, Jordan and Saudi Arabia.
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