Region of northern Iraq is preparing to amend the selling prices of oil source

Region of northern Iraq is preparing to amend the selling prices of oil source

JUL 28, 2014

Region of northern Iraq is preparing to amend the selling prices of oil sourceErbil / Ahmed Aidan – in favor of Baljugi / Anatolia:
Attributed the vice chairman of the Committee on Energy and Natural Resources of the territory of northern Iraq, “Dilshad Shaaban,” stop oil shipments to Turkey for two reasons, the first being, “the desire to organize a sale to foreigners better, because of the heavy demand for oil region, and the second, filling reservoirs in the port of Ceyhan in Turkey” .
explained, “August”, the reporter Anatolia that the presidency of the natural resources of the region are preparing to make adjustments to prices, and regulate the export of oil from the region, pointing out that he will not be making any charging process to another time period.
noted, “August”, that the position of the United States toward the process of transferring oil region began to change, saying: “The escalation of angry reactions in the recent period in the U.S. Congress, forced the Obama administration to change its current policies, and that Congress viewed eagerly to oil sales region, due to cut the Baghdad government, the region’s share of the state budget . ”
confirmed “August”, that the U.S. government would not stand in the day in the face of export region in northern Iraq for the oil, he said, adding: “the region was forced to export oil, and that the Baghdad government, which cut the region’s share of the budget did not leave us another option. ”
was the territory of northern Iraq Moves (120) thousand barrels of oil to Turkey a day, before stopping shipping operations, and planning the region that the quantity reach the end of this year to 400 thousand barrels, and aims to raise it to a million barrels a year (2015) .
does not take territory in northern Iraq share amounting to 17% of the general budget due to Iraq’s cut the Baghdad government for its share since (7) months, so went the region and starting from the first of January (2014), to export oil in an attempt to get rid of its crisis Finance.
was the Prime Minister of the region, “Nechirvan Barzani,” stated that they will (17%) of the proceeds from the sale of oil, that enters the rest of Iraq’s budget, in the time that is not enough in which the (17%) of the budget, the province, which pays the salaries of million, and (400) thousand employees, due to be affected by the crisis, which began throughout the country, due to the attacks of the “Islamic state.”
as announced by Finance Minister region of northern Iraq “Rebaz Mohammed”, last Tuesday, they will stay all oil revenues from the region sold via Turkey , in the Territory’s budget in order to fill its needs.

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