Oil Minister reveals negotiations begin tomorrow to supply gas to Kuwait
Oil Minister reveals negotiations begin tomorrow to supply gas to Kuwait
Wednesday 21, / January 2015 17:42
[Baghdad-where]
Iraqi Oil Minister Adel Abdul-Mahdi said on Wednesday that “Iraq is ready to supply Kuwait with natural gas,” noting that “the negotiations will begin on Thursday between the two sides on this.”
He Mahdi told reporters in Kuwait where he is attending an oil conference that “there is a sincere intention and continuous exchange of views and this will be one of the topics that are looking tomorrow with the Kuwaiti side.”
And that “It is the political and economic terms and mutual benefit we certainly are ready, and this is where the benefit of Iraq and the benefit of Kuwait.”
Minister of Oil and predicted that “receipt of low oil prices, a shadow on the budget that Iraq of 2015,” noting that “spending will not exceed $ 100 billion.”
He pointed out that Abdul-Mahdi, “the reduction [in the budget] up to fifty percent more than it was last year, and if we talk to the dollar today will not exceed [the new budget hundred billion dollars.”
Iraq’s oil minister stressed that “the sharp decline in oil prices after OPEC meeting last November was not expected.”
For his part, Kuwaiti Oil Minister Ali Al-Omair said that he “can not control the drop in oil prices to accommodate economic growth and improve the supply glut.”
The Oil Minister Adel Abdul-Mahdi, arrived on Tuesday, to Kuwait to attend a conference of energy as well as energy ministers Arabs, to discuss the drop in oil prices in the global markets and discuss joint action mechanisms to prevent further Ankhvadha.anthy
alliraqnews.com
