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Shahristani: Kurdistan's oil revenues will be distributed on a budget
March 21, 2014
Welcomed the Deputy Prime Minister for Energy Hussain al-Shahristani decision of the Government of the Kurdistan region of Iraq to start exporting Iraqi oil producer in the region through the national system to the Mediterranean through the National Oil Company (SOMO) in accordance with the procedures specified in the company. "
Shahristani said that "revenues will be deposited in the Development Fund for Iraq shall be distributed on the basis of the federal budget."
He pointed out that al-Shahristani "This decision is the first fruit of the ongoing negotiations between the delegations of the federal government and the provincial government to be followed by other steps to increase the export of oil from the region, according to the text of the context to enjoy all Iraqis with income derived from the additional increase in Iraqi oil exports."
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March 21, 2014
Welcomed the Deputy Prime Minister for Energy Hussain al-Shahristani decision of the Government of the Kurdistan region of Iraq to start exporting Iraqi oil producer in the region through the national system to the Mediterranean through the National Oil Company (SOMO) in accordance with the procedures specified in the company. "
Shahristani said that "revenues will be deposited in the Development Fund for Iraq shall be distributed on the basis of the federal budget."
He pointed out that al-Shahristani "This decision is the first fruit of the ongoing negotiations between the delegations of the federal government and the provincial government to be followed by other steps to increase the export of oil from the region, according to the text of the context to enjoy all Iraqis with income derived from the additional increase in Iraqi oil exports."
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