Posts Tagged ‘iraqi oil’

Oil Ministry expects to identify $ 90 per barrel as the price of imports in 2015 budget

Oil Ministry expects to identify $ 90 per barrel as the price of imports in 2015 budget

Wednesday, November 5 / November 05, 2014 17:36

[Baghdad-where]

Iraqi Oil Ministry predicted determine the price of US $ 90 per Berlmal imports in the federal budget for the next year 2015.

Economists warned Iraqis of a significant shortfall in the fiscal budget for Iraq through 2015 if it continues to fall in oil prices, which reached $ 85 without, especially with the country’s dependence on oil rents by more than 90% in the annual Read more…

Parliamentary Oil announces the arrival of the amended version of the oil and gas law to parliament

Parliamentary Oil announces the arrival of the amended version of the oil and gas law to parliament

11/05/2014 07:34 GMT

Agencies – announced the Commission on oil and energy parliamentary, Wednesday, for the arrival of the amended version of the oil and gas law to the House of Representatives, as revealed the existence of some differences on the new law.
The committee member said Razak Mheibes in a press statement, “The Council of Ministers sent the amended version of the oil and gas law to the House of Representatives,” he said, adding that “the law arrived in Parliament Read more…

Figures with the continuing decline in oil prices, how much of the oil reserves of the countries foreign exchange?

Figures with the continuing decline in oil prices, how much of the oil reserves of the countries foreign exchange?

02-11-2014 07:50 AM

Continued erosion of oil prices, which began four months ago, came down as the price of Brent crude up to $ 84.60 a barrel.
And dependent members of the Organization of Petroleum Exporting Countries Countries, OPEC, is highly dependent on the price of crude in maintaining balance their budgets, although they retain large reserves of foreign exchange and gold to guard against the effects of such price fluctuations.
Varies the amount of vulnerability to oil prices greatly among the members of OPEC, Qatar is needed to reach the oil price of $ 58 a barrel just to balance its budget, compared to $ 136 in Iran.
Also Read more…

A former official at the Central: the fiscal deficit will not greatly affect the citizen and no need for external borrowing

A former official at the Central: the fiscal deficit will not greatly affect the citizen and no need for external borrowing

01/11/2014 (0:01 pm)

Baghdad / Wael grace

A former official at the central bank says that Iraq is passing through a crisis “temporary liquidity”, following the increase in the expenses of military operations and the displacement crisis and low oil prices that are expected to settle at $ 80. As he says that the time has come to launch the government’s “economic change” and dismantling of barriers to private sector campaign.
The former official is assumed that the crisis can be avoided by rearranging Read more…

The absence of a sovereign wealth fund negatively affect the budget

The absence of a sovereign wealth fund negatively affect the budget

1/11/2014 0:00

Private sector partnership serves the economy
Baghdad – Mostafa Hashemi – the joy of pumice
after a drop in world oil prices and direct effects on the economy of Iraq shows the need to reconsider the mechanisms of implementation of the fiscal policy which bore additional burdens without a study of the consequences, no reason to involve the private sector, which owns financial accumulations large should be employed to reduce the effects of lower oil prices on the balance of the country.
In this context, the economic expert, Dr. said the appearance of Mohammed Saleh: it was necessary to Read more…

500 000 barrels of oil from new and Wasit and Messiaen will be added soon to fill the budget deficit

Deputy: 500 000 barrels of oil from new and Wasit and Messiaen will be added soon to fill the budget deficit

Fri, October 31 1 / Okrudolf 2014 08:04

[Baghdad-where]

MP for the National Alliance Jassim Mohammed Jaafar, the presence of 500 000 barrels per day of new oil provinces of Wasit, Maysan, Export doors, and can plug in this year’s budget.

He explained Jaafar told all of Iraq [where], that “oil imports estimated $ 80 billion, and operating section of the budget Read more…

Parliamentary Energy plans to host Abdul-Mahdi, and expects $ 70 for a barrel of oil

Parliamentary Energy plans to host Abdul-Mahdi, and expects $ 70 for a barrel of oil

30/10/2014 (0:01 pm)

BAGHDAD / Mohammad Sabah

Ibrahim Bahr al-Ulum said a member of the parliamentary Commission on oil and energy, said the committee is working on a study of 10 laws sent to it by the Presidency of the Council of Representatives recently. She pointed to the oil and gas legal and budget Capers legislation that are important to it, noting that it is working on two draft law of oil and gas lingering years ago Read more…

IMF: security spending to fight the “Daash” will affect the Iraqi economy

IMF: security spending to fight the “Daash” will affect the Iraqi economy

28-10-2014 07:13 AM

International Monetary Fund said Monday that the Iraqi economy will shrink by 2.7 percent this year, for the first time since the Western invasion of the country in 2003, after he dominated the organization of the so-called Islamic State (Daash) over large areas of Iraq.
The Fund says that this contraction is followed by growth of 4.2 percent in 2013, which in turn was the Read more…

Special / leaders of political blocs are negotiating to end debate and approve oil and gas law HCL

Special / leaders of political blocs are negotiating to end debate and approve oil and gas law HCL

10/25/2014

Baghdad-Iraq-Presse -25 October / October revealed the Commission on oil and energy parliamentary, on Saturday, for the negotiations conducted by the leaders of political blocs represented in the House of Representatives to end the controversy regarding the oil and gas law and approval.
The committee member said MP Hussein by l / Iraq Press / that “negotiations were under way, these days, between the Read more…

The draft law of oil and gas on the table heads of bloc

The draft law of oil and gas on the table heads of bloc

23/10/2014

The Commission on oil and energy in the House of Representatives, said that negotiations are currently underway between the leaders of the blocs to reach agreement on a final version of the draft law of oil and gas, oil and an end to the dispute between the federal government and the Kurdistan Regional Government.

He told committee member Hussein by Radio Free Iraq that “the Commission is considering the possibility of Read more…

Parliamentary Energy: a new law for oil and gas

Parliamentary Energy: a new law for oil and gas

19/10/2014 12:27

BAGHDAD / obelisk: Committee announced that the parliamentary oil and energy, it seeks to prepare for the drafting of a new law for oil and gas have the consent of all the political blocs to end the outstanding differences between the Kurdistan Regional Government and the federal government about the oil.

The committee member said Kawa Mohammed told vassal “obelisk” that “previous problems between the center and the region should be resolved in accordance with the preparation of a new law for oil and gas,” he said, adding Read more…

Deputy for the law: the Kurds are demanding the export of 100 000 barrels per day out of the budget

Deputy for the law: the Kurds are demanding the export of 100 000 barrels per day out of the budget

10/12/2014 17:06

BAGHDAD / obelisk: MP for the coalition of state law, Abdul Hadi Mohan, on Sunday, that the negotiating delegation of the Kurdistan Alliance called for the export of 100 000 barrels of oil per day for the last three months of 2014 without the introduction of the budget amounts in return for agreeing to approval.

Said Mohan in an interview for “obelisk” “The negotiating delegation of the Kurdistan Alliance, who met with the negotiating committee of the National Alliance stipulated, the approval of the Federal Government on Read more…

Reports: World oil prices at their lowest levels in two years and may continue to decline below $ 100 a barrel

Reports: World oil prices at their lowest levels in two years and may continue to decline below $ 100 a barrel

Tuesday, 07 October 1 / Okrudolf 2014 18:05

[Follow-Where]

Price of oil reached its lowest level in two years, influenced by global economic conditions, including the current events in the Middle East.

According to economic reports that “the price of oil continued to decline gradually since mid-July of this year, while the price of Brent oil per barrel to $ 115, and reached its price today of $ 95, to become the Brent oil trading level of $ 100 and less since the months after the trading levels of $ 110 for half a decade after the financial crisis. ”

She noted that “even during this period mentioned, dropped the Read more…

The former oil minister: Iraq on the verge of a severe financial crisis

The former oil minister: Iraq on the verge of a severe financial crisis

03-10-2014 10:36 PM

Predicted oil expert and former Oil Minister Issam Chalabi, Iraq could descend into a financial crisis and that the intervention of the public in its budget deficit crisis due to the significant decline that has occurred recently in oil prices, while the Iraqi budget on the basis of high price.
Chalabi said Iraq and unlike other Arab countries depends on the budget, assuming high oil prices, and assuming the Read more…

Kurdistan: the assumption by Abdul-Mahdi, the Ministry of Oil has given us hope to solve the problems of the region

Kurdistan: the assumption by Abdul-Mahdi, the Ministry of Oil has given us hope to solve the problems of the region

September 24, 2014, 12:45

Dohuk _ ((eighth day))

The chairman of the Kurdistan region Nechirvan Barzani assumption that Adel Abdul Mahdi for the oil ministry to grant the province hope in solving the problems with the central government on the export of oil.

Barzani said at a news conference today in Dohuk that “the oil minister, Adel Abdul-Mahdi is one of the Friends of Kurdistan,” adding that “the Read more…

Oil Expert: approve oil and gas law would be a quantum leap (HCL)

Oil Expert: approve oil and gas law would be a quantum leap

09/11/2014

Falah al-Amiri predicted Director General of the General Company for the export of oil (SOMO) that “the House of Representatives will soon reach to a final version of the law of oil and gas.”

He said al-Amiri told Radio Free Iraq that “the law will organize the relationship between the oil center and the region in addition to Read more…

Oil announces oil discovery is the first of its kind in Basra

Oil announces oil discovery is the first of its kind in Basra

Tuesday, September 9th, 2014 17:57

BAGHDAD / Baghdadi News / .. oil ministry announced on Tuesday, to achieve oil discovery is the first of its kind within a Patches exploratory in Basra, while explained that since the beginning of discovery within the production of 2000 barrels of oil per day from the well of talk, and there are expectations of Read more…

Sumo: Adoption of the law of oil and gas key to the development of Iraq’s energy sector

Sumo: Adoption of the law of oil and gas key to the development of Iraq’s energy sector

09/08/2014 16:11

Tomorrow’s Press / Baghdad: The director of the company (SOMO) for the export of crude oil, Falah al-Amiri, Monday, that the passage of oil and gas law in the House of Representatives will be the guarantor of the oil industry and a measure of true extent of Read more…

The disappearance of a tanker loaded with oil from the Kurdish tracking devices off Texas

The disappearance of a tanker loaded with oil from the Kurdish tracking devices off Texas

Friday, 29 August / August 2014 13:59

[Follow-up – where]

Disappeared tanker near Texas carrying $ 100 million worth of crude oil Kurdish, disputed from the satellite tracking devices in a new development in the dispute between Baghdad and the Kurds.

Did not appear on the AES system to track the movement of ships, which is Read more…

Expert: Qrhhenger where 25 billion barrels of oil have made Exxon Mobil defying Maliki government

Expert: Qrhhenger where 25 billion barrels of oil have made Exxon Mobil defying Maliki government

THURSDAY, 28 AUGUST / AUGUST 2014 15:08

Twilight News / economic expert said Kurd, said Exxon Mobil, the American giant in the field of oil and gas, the Maliki government has defied warnings to companies that want to contract with the Kurdistan Regional Government, after learning that the latter offered six sites for prospecting and exploration.

The expert said the Kurdish Howera Mansour in your analytical material I have seen, “Twilight News” that al-Maliki made a mistake by challenging the Read more…