Planning: Iraq’s non-oil revenues rose by 32%

Planning: Iraq’s non-oil revenues rose by 32%

04/19/2014 12:54

Long-Presse / Baghdad
Revealed the Ministry of Planning, on Saturday, an increase in non-oil revenues by 32% until 2017, and confirmed that it will drop in front of the increase in oil revenues, and to a great extent.
The Minister of Planning Ali Shukri said in an interview (range Press), “The non-oil revenues will increase from seven trillion dinars in 2013 to nine trillion dinars in 2017, an increase estimated at 32%, according to Statistics Centre and research in the ministry,” noting that ” that percentage to help the Iraqi economy in general, and the general budget, in particular through the distribution of calculating payments on oil revenues and non-oil. ”
Shukri added, that “the increase in revenue non-oil will be low in front of the increase in oil revenues from 2013 to 2017,” noting that “revenue non-oil will be reduced share of 6.5% during the year 2013 to 4.3% in 2017 to become an average increase of 5.3 % of the total revenues of Iraq. ”
The Deputy Prime Minister for Energy Hussain al-Shahristani said, in (the 18 of December 2013 the past), that Iraq has oil reserves “of 143 billion barrels and accounting for 10% of global reserves,” and explained that it aims to produce nine million barrels of oil per day by the year 2020, stressing that Iraq needs to train 500 thousand employees to cover the needs in the major oil and gas sectors.
The Ministry of Planning predicted, on Friday (April 11, 2014), to reach revenues of crude oil by 2017 to “670 billion dollars”, and stipulated that the arrival of exports from fields invested to “six million barrels per day”, and as pointed out that the proportion of the investment budget “will increase by more than 40%” of the general budget, confirmed that it “will be reflected positively on the reality of the sectors of industry, agriculture and energy projects.”
The Deputy Prime Minister for Energy Hussain al-Shahristani said, in the (March 29, 2014), the opening of the West Qurna field, (2) the oil in the province of Basra, the second largest field in the world, and pledged to compensate the people affected by the acts of the field, and urged the ministries of oil and industry The local government in Basra to encourage foreign companies to invest in petrochemical industries, minister described the jump Abdul Karim and coffee opening field of “historic achievement” that will enable the Iraqi government to implement its development programs.
The Oil Ministry announced that, in the (February 2, 2014), high crude oil exports to more than three and a half million barrels per day.
The Oil Ministry confirmed, in (January 31, 2014), that Iraq will soon become the “most important” sources of energy in the world, and that there will be nine million barrels by 2020, while showed that the Organization of Petroleum Exporting Countries have shown the potential to absorb any increase in the export of Iraq, Saudi Arabia and Libya , promised that “it will maintain the stability of the” oil prices.
The Iraqi Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, confirmed, in (January 29, 2014), that the war in Syria “obstructed oil and gas projects in the fields of Iraq,” noting that the export pipeline President extends to the Mediterranean “severely damaged,” he security problems that hindered oil projects in the western region, but production and export operations in the southern fields, “remained on the rates of the province without effect.”
Shahristani was confirmed, in (the 18 of December 2013 the past), that Iraq has oil reserves “of 143 billion barrels and accounting for 10% of global reserves,” and explained that it aims to produce nine million barrels of oil per day by 2020, stressing that Iraq need to train 500 thousand employees to cover the needs in the major oil and gas sectors.
Announced al-Shahristani, in (the first of November 2013), the willingness of major global companies to spend 25 billion dollars to boost production in the oil fields of Iraq giant despite the security situation, while between the southern oil fields will add 500 thousand barrels per day to production in 2014, predicted not to damage the oil system of strategic Iraqi armed attacks and assured to provide security protection for the oil fields in the provinces of Anbar and Nineveh.
As announced by Deputy Prime Minister for Energy Affairs, at (17 October 2013), that Iraq would be a “main provider” of crude oil in the world through the development of its oil fields and increased foreign investment despite the political instability in the region, which is a global concern regarding the processing of oil .

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