2009-06-11
Finance: the inability of the Ministry of Oil to export two million barrels a day's reduction of the budget-Shahristani: Iraq oil revenues would offset
He and Finance Minister Bayan Jabr said his ministry would not adopt the idea of a supplementary budget in the light of the increase in Iraqi oil exports exceeded the price of oil exceeded 60 dollars per barrel recently.
Zubeidi and affirmed that the current budget deficit of $ 20 billion U.S. dollars, saying that parliament's decision to reduce the 2009 budget year, the equivalent of four billion dollars led to a severe shortage in the provinces and in the volume of allocations of operating funds and those allocated to the investment.
The drop in oil prices and the inability of the Ministry of Oil during the first months of this year to export two million barrels a day, on the basis of which was adopted in the development of the general budget, led to an increase in the size of the budget deficit from 15 to 20 billion dollars.
For his part, Oil Minister Hussain al-Shahristani said Iraq's oil revenues, which offset did not take place in the first quarter of the current year over the next few months due to high world oil prices.
He said in a joint press conference held yesterday with the Government spokesman Ali al-Dabbagh on the announcement of the first session of licenses: "The World Price Alnfot light reached 70 dollars per barrel so that the price of oil reached 65 dollars, which is higher than planned in the budget It is planned that 50 dollars a barrel would be an increased positive impact on the improvement of the status of the budget.
He said al-Shahristani, to: "The amounts of the oil revenues generated during the months of April and Ayaralamadi reached more than 6 billion dollars and this is positive.
In the question of the National Agency for the Iraqi news / Nina / About some experts fear the return of the oil monopolies to Iraq, Shahristani said the government had laid down the mechanisms and controls on corporate investment and has adopted some of the controls on the mechanisms of cooperation and service contracts, and companies will not get the part of the oil will not participate in the oil production, but are giving these companies pay the amount of the value of the service of producing and imposed a tax on these companies, therefore, the ministry announced the licensing of public and transparent indicating that the competition between the project, including all companies achieve the highest return to Iraq.
He denied claims that al-Shahristani, was questioned for his increase oil production, adding that the process of increasing the export needs to be a series of operations and reform of the equipment and the pipeline and development also needs to open new units to be able to increase production, so the exercise has nothing to do with the pressure to raise output.
On the common fields between Iraq and Kuwait on the one hand and Iran on the other hand, al-Shahristani said: "The Iraqi government made a decision to invest in fields that are part of Iraq until the signing of the Convention for the Unification of them, which he described as moving slowly, with both Iran and Kuwait, adding that Iraq can not remain without investment for these fields until the signing of the Convention and in particular Kuwait and Iran have long been Bacherta invest these fields.
He continued: "In the event that the signing of the agreement will be the formation of a neutral committee to settle the rights of the parties involved in this field and will know the amount of oil extracted and the quantity of oil which has yet to be extracted in order to be a fair distribution of quotas among the parties involved.
He said al-Shahristani, to: "The ministry has drilled some wells have been linked to the wells were dug and is currently exported through the pipeline system to increase the quantities of oil production.
For his part, Ali Dabbagh, the spokesman for the government to open the way used by the oil ministry and with the consent of the Government's announcement of the oil companies and invest in Iraq is a clear demonstration of the transparency and credibility of government action, especially when the oil wealth of the right of the Iraqi people.
On the government's position on interrogations of the prime minister said al-Dabbagh said the government stands with the legislative and oversight role of the parliament, government has set up a committee to assess the interrogation of any Minister of the Ministers of State and the evidence of the Democratic-backed government.
Finance: the inability of the Ministry of Oil to export two million barrels a day's reduction of the budget-Shahristani: Iraq oil revenues would offset
He and Finance Minister Bayan Jabr said his ministry would not adopt the idea of a supplementary budget in the light of the increase in Iraqi oil exports exceeded the price of oil exceeded 60 dollars per barrel recently.
Zubeidi and affirmed that the current budget deficit of $ 20 billion U.S. dollars, saying that parliament's decision to reduce the 2009 budget year, the equivalent of four billion dollars led to a severe shortage in the provinces and in the volume of allocations of operating funds and those allocated to the investment.
The drop in oil prices and the inability of the Ministry of Oil during the first months of this year to export two million barrels a day, on the basis of which was adopted in the development of the general budget, led to an increase in the size of the budget deficit from 15 to 20 billion dollars.
For his part, Oil Minister Hussain al-Shahristani said Iraq's oil revenues, which offset did not take place in the first quarter of the current year over the next few months due to high world oil prices.
He said in a joint press conference held yesterday with the Government spokesman Ali al-Dabbagh on the announcement of the first session of licenses: "The World Price Alnfot light reached 70 dollars per barrel so that the price of oil reached 65 dollars, which is higher than planned in the budget It is planned that 50 dollars a barrel would be an increased positive impact on the improvement of the status of the budget.
He said al-Shahristani, to: "The amounts of the oil revenues generated during the months of April and Ayaralamadi reached more than 6 billion dollars and this is positive.
In the question of the National Agency for the Iraqi news / Nina / About some experts fear the return of the oil monopolies to Iraq, Shahristani said the government had laid down the mechanisms and controls on corporate investment and has adopted some of the controls on the mechanisms of cooperation and service contracts, and companies will not get the part of the oil will not participate in the oil production, but are giving these companies pay the amount of the value of the service of producing and imposed a tax on these companies, therefore, the ministry announced the licensing of public and transparent indicating that the competition between the project, including all companies achieve the highest return to Iraq.
He denied claims that al-Shahristani, was questioned for his increase oil production, adding that the process of increasing the export needs to be a series of operations and reform of the equipment and the pipeline and development also needs to open new units to be able to increase production, so the exercise has nothing to do with the pressure to raise output.
On the common fields between Iraq and Kuwait on the one hand and Iran on the other hand, al-Shahristani said: "The Iraqi government made a decision to invest in fields that are part of Iraq until the signing of the Convention for the Unification of them, which he described as moving slowly, with both Iran and Kuwait, adding that Iraq can not remain without investment for these fields until the signing of the Convention and in particular Kuwait and Iran have long been Bacherta invest these fields.
He continued: "In the event that the signing of the agreement will be the formation of a neutral committee to settle the rights of the parties involved in this field and will know the amount of oil extracted and the quantity of oil which has yet to be extracted in order to be a fair distribution of quotas among the parties involved.
He said al-Shahristani, to: "The ministry has drilled some wells have been linked to the wells were dug and is currently exported through the pipeline system to increase the quantities of oil production.
For his part, Ali Dabbagh, the spokesman for the government to open the way used by the oil ministry and with the consent of the Government's announcement of the oil companies and invest in Iraq is a clear demonstration of the transparency and credibility of government action, especially when the oil wealth of the right of the Iraqi people.
On the government's position on interrogations of the prime minister said al-Dabbagh said the government stands with the legislative and oversight role of the parliament, government has set up a committee to assess the interrogation of any Minister of the Ministers of State and the evidence of the Democratic-backed government.