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International Monetary threatened to cancel its obligations towards Iraq in the event of lower fuel prices

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Political first: Oil: the International Monetary threatened to cancel its obligations towards Iraq in the event of lower fuel prices



9-19-09



The formation of commissions of inquiry to determine the causes leak gasoline does not meet the specifications


Baghdad, Tariq al-Araji


About the International Monetary Fund recently canceled all agreements with Iraq for the reduction of debt in the event of foot to reduce the prices of oil derivatives, in the meantime, the oil ministry to stop importing oil products except gasoline, sustainment, including locally-produced with the ministry to set up investigative committees to find the cause of the leakage of quantities gasoline to filling stations not in conformity with international standards.





And Undersecretary of the Ministry of Oil for Distribution Engineer Akram Motasem the "morning" the decision to increase or reduce prices of petroleum products is not only a governmental decision as this is linked to the International Monetary Fund who has several documents on Iraq's economy and correct the fire of debt owed by Iraq to the international community.

He added that some mass media published several weeks ago that the news that Iraq will reduce the prices of derivatives, which irritated the International Monetary Fund, which says that all the agreements concluded between the two sides will be removed, noting that the ministry had informed the Fund that is not true. Akram pointed out that the prices of petroleum products remain as it is at this stage, explaining that the end of this month will convene a meeting with representatives of the IMF in Jordan for discussion on developments in the Iraqi economy.

He said the ministry a few months ago stopped the import of all types of oil derivatives that were weighing the ministry's budget, excluding petrol, which the Ministry for the importation of $ 6 million liters per day for the needs of the country which now amount to 17 million liters per day and provides local refineries amounted to $ 11 million liters per day.

The undersecretary of the ministry that the ministry is continuing the processing of citizens textured white oil, rising demand with the approach of winter season and on the basis of fuel card and the population density of the provinces, noting that the distribution mechanism should be based on the nature of change in areas not on the basis of density, because the northern region and the provinces of Nineveh and Diyala experiencing a cold winter season is characterized by severe contrast from the rest of the provinces. It said the ministry has extensive deposits of oil article House, calling citizens receipt of their shares because the volume of assessments started to rise in the proportion Khozinha distribution outlets for the reluctance of citizens to receive their.

And the lack of access numbers of families on the card fuel, he explained that the ministry had addressed the subject with the provincial council in order to prepare them for this article.

Akram revealed the formation of an investigative committee into the cause of leaking gasoline qualities of non-conforming to the distribution outlets, as well as the formation of other committees to ensure no repetition of this theme, noting that the product imported and domestically produced subject to laboratory tests. He stressed that the Ministry of Oil has extensive deposits of a substance well Alkazoel fill the country's need to be provided by the Ministry of Electricity, the Ministry as the processing power to 3 million liters per day, but there is a constraint facing the latter is repeated continuously, is the transfer of these quantities and deliver it to power stations, particularly as the number of tankers that transport of the derivatives limited in the country, revealing the Oil Ministry to buy a fleet of transport estimated the number of tanker trucks with the 500 trucks contributed to accelerate redeploy derivatives. And that the ministry has prepared a plan to invest Puff material produced in the small refineries, which have large production to influence the work of the refineries and reduce its efficiency, noting that the plan calls for a specific color paintwork Puff and allocates consumption for generators operating in Baghdad and the provinces as well as finding a mechanism for the export of this article.

And the mechanisms to develop petrol stations in Baghdad and the provinces agent explained that the ministry was approved in 2004, commends the two-governmental organizations in Baghdad and the provinces according to international standards, but this project is confronted with the problem of land allocation, and therefore has recently been updated and the development of the stations built, and this project in other Natural As for the civil stations, the ministry and through teams working on regulatory control and a large number of fines imposed on him for violating the cumulative because of many reasons, he set up a committee to review the commission rate granted to government stations, especially since the numbers of the owners of these stations appealed to the ministry reconsider this rate because it has to Atsd requirements. And on a station that you import derivatives at their own expense in accordance with the Law on Import No. 9, Eng Mutasim Akram acknowledges that this law allowing the importation of products of high quality and be supervised by the ministry, besides stressing the need to have import license granted by the Ministry of Oil and any station is opened should be subject to these conditions, and otherwise be closed, accounting in charge of them stressing the absence of any request to the ministry provides the opening of any station of this type
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end of this month will convene a meeting with representatives of the
IMF in Jordan for discussion on developments in the Iraqi economy.

Back to Jordan they all go....interesting

Guest


Guest

always the end of the month for some reason......then it's the end of next month and so on.........

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