Warnings from the inability of Iraq to export 3.4 million barrels of oil per day
Warnings from the inability of Iraq to export 3.4 million barrels of oil per day
11/02/2014
BAGHDAD / JD / .. Committee warned the economy and investment representative, of the inability of Iraq to export three million and 400 thousand barrels of oil a day and put that on the basis of which the federal budget through 2014.
Said committee member Rep. Nora Albjara Agency / JD /: that the budget in 2014 is not prepared thoughtfully and well where he developed on the basis of the sale price of a barrel of oil at 90 dollars, while global markets are unstable and volatile prices may lead to a decline in oil prices or increase it, so it was the first calculation of the price of a barrel of oil is less than 90 dollars to avoid the potential economic problems.
She pointed out: that the rate of export of oil is installed in the federal budget for the current year three million and 400 thousand barrels per day, and this number is very large proportion of the challenges facing the oil industry in Iraq, both in the processes of production, export or climatic conditions and sabotage, as well as differences political relations between the governments of the Kurdistan region and the federal and provincial probably refrain from delivery (400) thousand barrels to the center, which will create a big gap in the general budget. / End / 8 /
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