Posts Tagged ‘iraqi oil’

Deputy for the National Alliance calls for the abolition of the oil agreement between Baghdad and Erbil

Deputy for the National Alliance calls for the abolition of the oil agreement between Baghdad and Erbil

14/01/2015 09:43 GMT

BAGHDAD – and babysit – called the National Alliance MP Kazem Sayadi, the abolition of the oil agreement between Baghdad and Erbil, attributing this to the large quantities of oil exported by the Kurdistan which are not included in the agreement.
He said Sayadi told the “public opinion”, “demanded the abolition of the oil agreement between the federal and the Kurdistan government for not Read more…

Chalabi warns of leak “dollar” to the outside and describes the financial situation as “critical”

Chalabi warns of leak “dollar” to the outside and describes the financial situation as “critical”

01/12/2015 (00:01 pm)

Baghdad / term

Chairman of the parliamentary finance committee, Ahmed Chalabi warned of the phenomenon of foreign currency leakage (dollar) out of the country, and stressed that the 2015 budget is facing many difficulties because of falling global oil prices, describing the financial and security situation in the country as “critical.”

While called specialists in the field of economics to the development Read more…

International Monetary Fund: $ 10 billion stock of the Central Bank of Iraq

International Monetary Fund: $ 10 billion stock of the Central Bank of Iraq

January 11, 2015, 11:29

BAGHDAD – ((eighth day))

The International Monetary Fund recently, his report on the economic outlook for the countries of the world, and expected growth of the Iraqi economy during the year 2015 at a rate of 2%.

The report said that “Iraq’s economy Read more…

Oil experts expect a decline in the price per barrel to $ 30

Oil experts expect a decline in the price per barrel to $ 30

Posted 10/01/2015 10:03 AM

Oil experts revealed that oil prices will continue to decline to reach the end of the day to $ 30 a barrel, the lowest expected price after the oil boom in which the barrel above $ cent threshold.

They stressed that “the budget before the parliament will be worried and unstable due to the fluctuation of the price of a barrel up and down, but in all cases, will be approved by a large deficit of more than $ 20 billion in all cases, and that this deficit will grow and swell with the expected decline in the price of a barrel. On the premise that the Iraq issue Read more…

Parliament is still demanding to cut expenses in preparation for the adoption of the budget during the week

Parliament is still demanding to cut expenses in preparation for the adoption of the budget during the week

10/01/2015 (00:01 pm)

BAGHDAD / Mohammad Sabah

Parliamentary Economic Commission revealed, for the government went to pay off the debts of foreign oil companies through external borrowing by issuing treasury bonds worth $ 12 billion.
As said the budget deficit rose to 43 trillion dinars due to the continued decline in oil prices, the government called for a postponement of the payment of foreign loans worth 3.733 trillion dinars.
On the other hand Read more…

Iraqi oil price fell to $ 45 calls to reconsider the budget

Iraqi oil price fell to $ 45 calls to reconsider the budget

09-01-2015 03:48 PM

Commission on oil and energy parliamentary warned of dangerous effects on the federal budget situation after the sale of Iraqi oil prices fell to $ 45, calling for a review of the draft budget.
A member of the Committee, Kawa Muhammad, in a press statement, seen by the (news) today, said that : ‘low price per barrel of $ 15 for the price specified in the federal budget will lead to the loss of the Iraqi state, about 18 trillion dinars per year. ”
He added that Read more…

Vice: The price of a barrel of oil was $ 43, and the budget was built on the basis of $ 60

Vice: The price of a barrel of oil was $ 43, and the budget was built on the basis of $ 60

01/08/2015 08:12 GMT

Follow-up – and babysit – The leader of the Bloc Virtue MP Abdul Hussein Aziz al-Moussawi, the presence of substantial observations in the budget bill to be addressed before the vote, pointing out that the budget was built on the basis of the price of a barrel of oil to $ 60, but the current price of $ 43.
Moussawi said in a statement received news agency public opinion (and babysit) a copy of it, on Thursday, said that “there is a fundamental observations in the draft general budget for the year Act 2015 need to be addressed before the vote by the House of Representatives,” noting that “the Read more…

Consultant Abadi: the descent of a barrel of oil for $ 60 will press on state spending

Consultant Abadi: the descent of a barrel of oil for $ 60 will press on state spending

07-01-2015 02:02 PM

Stressed the economic advisor to the Prime Minister, the appearance of Mohammed Saleh, said the revelation of a barrel of oil for ($ 60) will cause considerable pressure on state spending.
Saleh said in a press statement, seen by the (news), said: ‘fluctuating oil prices sparked the ire of the House of Representatives on price due to the budget in 2015 ‘, adding that the price of $ 60 a barrel is appropriate and reduction will cause pressure on the state’s expenses.
He also called for the government and the Oil Ministry to Read more…

Kurdistan: went to approve oil and gas law during the next legislative term (HCL)

Kurdistan: went to approve oil and gas law during the next legislative term (HCL)

TUESDAY 0.06  / JANUARY 2015 11:20

Twilight News / said the Kurdistan Alliance member, on Tuesday, that there is a trend of all the political blocs to approve oil and gas law during the next legislative term, due to start on Wednesday, indicating that the government is currently considering a draft oil and gas law.

Said Mohsen al-Sadoun for “Twilight News”, that “there is a copy of the oil and gas law exists Read more…

The government is determined to resolve the oil and gas law file (HCL)

The government is determined to resolve the oil and gas law file (HCL)

01/06/2015 2:58 a.m.

Brother – Baghdad
Announced the Prime Minister’s Office, the government’s determination to resolve the enactment of the oil and gas law to resolve the dispute between Baghdad and Erbil and oil-producing provinces.

He said the media spokesman for the office, Saad al-Sabri said in a statement seen by the Agency for News Agency (et) that “the government seriously trying to resolve the oil and gas law, which sparked sharp differences between Baghdad and Read more…

Parliamentary Committee on Oil: $ 13 billion debt of Iraq for oil companies

Parliamentary Committee on Oil: $ 13 billion debt of Iraq for oil companies

01/03/2015

For Oil and Energy Committee in the Iraqi Council of Representatives confirmed that Iraq owes to foreign oil companies operating in the country in the amount of $ 13 billion, as a result of delayed payment of dues Acharcatalsnueh.

The committee member said Ibrahim Bahr al-Ulum that “Iraq’s debt to oil companies operating could be up to $ 20 billion, if it continues delayed Read more…

Oil agreement between Baghdad and Erbil enter into force

Oil agreement between Baghdad and Erbil enter into force

02-01-2015 06:46 PM

Entered into the agreement signed between Baghdad and Erbil, for the export of oil and the federal budget into effect starting from yesterday. Under the agreement concluded by the Governments of the center and the region to export the last 250 thousand barrels of oil through the port of Ceyhan, in addition to 300 thousand barrels of oil from Kirkuk wells per day across the region’s oil pipeline to the Turkish port of Ceyhan, and this agreement became part of the federal budget for 2015.
According to reached by the two sides during the signing of the end of last year, the Convention entered into force starting from yesterday.
The MP for the Kurdistan Alliance, Najiba Najib, said: ‘agreement for a period of one year and will continue until the end of this year, if the two sides Read more…

Oil Ministry: Abadi Ghadhban cost chaired a committee to prepare the oil and gas law (HCL)

Oil Ministry: Abadi Ghadhban cost chaired a committee to prepare the oil and gas law (HCL)

01-01-2015 01:42 PM

Fallujah News / Baghdad … The Iraqi Oil Ministry, for the Prime Minister Haider al-Abadi, commissioned by the head of the advisers Thamer Ghadhban, to prepare a draft oil and gas law.
He said ministry spokesman Assem Jihad said ‘According to our information, the prime minister instructed the former oil minister and head of the advisers Thamer Ghadhban headed committee to prepare a draft oil and gas law, and submitted to the Cabinet for approval ‘, Read more…

Parliamentary Energy: Adoption of the oil and gas law will have a significant role to bypass the financial crisis

Parliamentary Energy: Adoption of the oil and gas law will have a significant role to bypass the financial crisis

01/01/2015 14:33 GMT

Follow-up – and babysit – A member of the Commission on oil and energy parliamentary bloc of the citizen Aziz Kadhim Alwan, on Thursday, that the adoption of the oil and gas law will have a significant role in overcoming the financial crisis.
Alwan said in a statement news agency public opinion received a copy of it, “Oil Minister Adel Abdul Mahdi, plans to put several studies on the licensing and contracting with a solid and powerful Read more…

Bahr al-Ulum: $ 27 billion, the size of Iraq’s debts to oil giants since 2013

Bahr al-Ulum: $ 27 billion, the size of Iraq’s debts to oil giants since 2013

Posted 31/12/2014 08:05 AM

Former oil minister disclosed that the Iraqi government is required to pay about $ 27 billion for foreign companies that worked on the development of fields in the south and the debt of these belong to the past year and this year, indicating that the oil giants have spent about $ 43 billion over the past two years, and they plan to invest $ 87 billion until 2016.

The parliamentary Finance Committee revealed that Iraq will not reimburse Read more…

The budget does not rely on external loan and draw with 9 billion dollars from government banks

The budget does not rely on external loan and draw with 9 billion dollars from government banks

12/25/2014 (00:01 pm)

BAGHDAD / Mohammad Sabah

Committees confirmed the money and the economy both parliamentarians, the continuation of the Council of Ministers to discuss the general budget despite the vote on the approval in Tuesday’s session. He said Congress Committees for the existence of differences centered on details affecting the oil agreement between Erbil and Baghdad, and Read more…

Oil: a large oil discovery in Basra 8000 barrels per day

Oil: a large oil discovery in Basra 8000 barrels per day

Posted, 25 December / 1 December 2014 23:41

[Baghdad-where]

The Oil Ministry announced on achieving a significant oil discovery in the formation of [dove] and at a depth of 4000 meters in the well Faiha [1] within the exploration area [9] in the province of Basra.

He said ministry spokesman Assem Jihad, said in a statement received by all of Iraq [where] a copy of the “consortium of Kuwait Energy Kuwait and UAE’s Drakoun Oil was able to achieve this great discovery.”

“The tests carried out on the detected configuration proved that production Read more…

Saleh: Operational Budgeting for 2015 amounted to 63 trillion dinars and investment 37 trillion dinars

Saleh: Operational Budgeting for 2015 amounted to 63 trillion dinars and investment 37 trillion dinars

12/24/2014 5:10

Brother – Baghdad
Economic Adviser to the Prime Minister stressed the appearance of Mohammed Saleh, said on Wednesday that next year’s budget in 2015 includes many of the hedges and alternatives in case of occurrence of unexpected things, and confirmed that the operational budget of which 63 trillion dinars and investment amounting to 37 trillion.
He said the economic advisor to the prime minister, the appearance of Mohammed Saleh, said in a statement Read more…

SOC: funds for social benefits paid from the company’s budget promises the imminent approval of oil and gas law (HCL)

SOC: funds for social benefits paid from the company’s budget promises the imminent approval of oil and gas law (HCL)

23.12.2014 11:14

{Basra: Euphrates News} SoC confirmed that funds for social benefits paid by the South Oil Company with the consent of the Oil Ministry, as revealed the existence of promises by members of the Iraqi parliament near approve oil and gas law.
He said the company’s director Jafar told {Euphrates News} today that “there are two issues concerning social benefits, which is divided into two parts, first Read more…

Iraq plans to start work on the elaboration of a final oil deal with the Kurdistan within weeks (HCL)

Iraq plans to start work on the elaboration of a final oil deal with the Kurdistan within weeks (HCL)

MONDAY, DECEMBER 22 1 / DECEMBER 2014 19:20

Twilight News / said Iraqi Oil Minister Adel Abdul-Mahdi on Monday that the Kurdistan Region of Iraq will continue to export crude oil under a tentative agreement with Baghdad until they reached a comprehensive agreement is expected to start work on a final agreement within weeks.

Earlier this month, the Iraqi federal government has reached a Read more…