Posts Tagged ‘iraqi oil’

Iraq wants oil companies to cut spending next year

Iraq wants oil companies to cut spending next year

Posted, 9-30-15

Abdul Mahdy Al-Ameedi, the director of licensing for the Oil Ministry of Iraq, says that it asked oil companies to reduce their spending plans for 2016 by the end of September due to lower oil prices and government revenue. Al-Ameedi, however, said that the lower spending in 2016 must not affect oil production in 2015.

“We’ve asked them in a letter we sent them to Read more…

“Strong dinar dinar would collapse” .. misgivings and tranquility surrounded the status of national currency

“Strong dinar dinar would collapse” .. misgivings and tranquility surrounded the status of national currency

26/09/2015

Economists and politicians believe that the Iraqi currency prone to “collapse” and its value against the dollar always seesaw, Aazin reason to corruption and economic problems, while others say that these fears just speculation unrealistic, the fact that the dinar propped strong reserves deposited in the Central Bank, along with the largest reserves a world of oil in Iraq.

A barrage of factors Tekz Mahdhiron by the exposure of the dinar at Read more…

Parliamentary Finance: We will put the price of oil pessimist in the budget of 2016

Parliamentary Finance: We will put the price of oil pessimist in the budget of 2016

2015/9/25 8:00

[Baghdad-where]
the parliamentary Finance Committee announced it seeks to develop a “pessimistic price” in the estimation of the financial budget for 2016.
He said the Commission’s decision Ahmed Haj Rashid told all of Iraq [where] that “the draft budget of 2016 is good and the price Read more…

Parliamentary Finance: Reduce by half the operating budget

Parliamentary Finance: Reduce by half the operating budget

9/23/2015 0:00

Up to parliament after Eid
BAGHDAD – Omar Abdel-Latif,
the Finance Committee in the House of Representatives called for the need to reduce operating expenses in the draft 2016 budget by half, while the expected arrival in the House of Representatives after the Eid al-Adha holiday.
A member of the Committee for the Liberal bloc Hossam punitive in singled statement by «morning»: The 2016 draft budget came from Read more…

Kurdistan is losing a legal battle to export its oil to the United States

Kurdistan is losing a legal battle to export its oil to the United States

Tuesday 22 September 2015 | 05:37 evening

BAGHDAD / Court of Appeals Fifth Circuit in New Orleans of the mandate of the US ..asdrt consistently ruled that the ban issued previously imposed on the Kurdistan region of Iraq’s exports to the United States away from the authority of the central government in Baghdad.

The ruling issued after the establishment of Shari undefined the Read more…

Parliamentary power: the old government is considering a draft oil and gas law (HCL)

Parliamentary power: the old government is considering a draft oil and gas law (HCL)

09/17/2015 07:01 GMT

Agencies – for oil and gas committee in Parliament, said that the government is considering a project the old oil and gas law.
Chairman of the Committee Erez Abdullah said, “There is a draft law of oil and gas taught by the government, and there is work to work on a range of important projects team,” adding that “the government is currently Read more…

Parliamentary Finance expects to determine the price of oil at $ 45 in 2016 budget

Parliamentary Finance expects to determine the price of oil at $ 45 in 2016 budget

09/14/2015

BAGHDAD / JD / .. Parliamentary Finance Committee predicted, determine the price of a barrel of oil in the budget next year by $ 45, as pointed out that the budget deficit will be repaid according to the mechanics and controls certain.
A member of the committee MP Hossam punitive Agency / JD /: “The government in connection with the preparation of 2016 budget year, including Read more…

Warning of an imminent collapse of the Iraqi dinar

Warning of an imminent collapse of the Iraqi dinar

Writings Sunday 0.13 September 0.2015

Wrote Ahmed Altaama: Economists warned of the imminent collapse of the Iraqi dinar, amid security and economic chaos plaguing the country, and the state’s inability to pay employees and retirees and accessories ongoing war salaries with the organization of the Islamic state ‘Daash'; which prompted thousands of young Iraqis to migrate to Europe, with millions of Iraqis struggling in Anbar and Mosul and Salahuddin hardship, after cutting state salaries.
The economist said, Mazen al-Obeidi, said that ‘the past eight years of rule by former prime minister Nuri al-Maliki, has seen historically in vain for the money and the budget of the entire Iraq on fake projects and ministries introduced for quotas between the parties, and not for the country’s needs’. He added: ‘The government has wasted more than 800 trillion Iraqi dinars, except for the hidden amounts of billions of dollars, no Read more…

Parliamentary Finance expects a deficit of 50 trillion 2016 budget

Parliamentary Finance expects a deficit of 50 trillion 2016 budget

Thursday 10-09-2015 | 1:03:20

Twilight News / parliamentary Finance Committee predicted, on Thursday, rising Agr rate in the budget of 2016 to more than 50 trillion dinars due to the continuing decline in the sale of oil prices in world markets.

The Iraqi government says that the fiscal revenue realized from Read more…

Europe’s biggest bank: Iraq’s oil will start running out in 2018

Europe’s biggest bank: Iraq’s oil will start running out in 2018

Thursday 3 September 2015 | 05:55 evening

BAGHDAD / .. one of the largest US banks and investment strict observer of the world’s oil markets, “Morgan Stanley” for his studies announced that Iraq’s current economic situation indicates that the Iraqi oil reserves will start to shrink and then force a gradual onset of 2018.

And the effects of the statement handed down site “Business News Mi” and “Bloomberg News” and Read more…

Deputy for the National: I do not understand why the province’s commitment to the oil agreement

Deputy for the National: I do not understand why the province’s commitment to the oil agreement

2015/8/28 12:26

[Baghdad-where]
Deputy for the National Alliance, said, “We are not for the nose of the Kurdistan region’s commitment to the oil agreement with the federal government.”
He said Hisham al-Suhail told all of Iraq [where], that “the incomprehensible lack of commitment to the region’s oil quota set it exported,” he said, adding that the province “since the beginning of the agreement did not deliver Read more…

Jubouri consultant: the possibility of the success of the adoption of the oil law (HCL) depends on two stages

Jubouri consultant: the possibility of the success of the adoption of the oil law (HCL) depends on two stages

26-08-2015 03:02 PM

Stressed adviser Chairman of the Board of Representatives for Energy, Ali Fayyad, Wednesday, that the success of the adoption of the oil law will only be Bmarora two phases, indicating that the law is still at the government.

He said Fayad, in a press statement, that ‘oil and gas law passed difficult stages and the difference of opinion between the blocs malfunction approval and implementation on the ground, in order to be achieved effectively, it must pass the first two stages provides Read more…

High budget deficit of 23 to 53 trillion dinars

High budget deficit of 23 to 53 trillion dinars

24/08/2015 04:25

Brother – Baghdad
Parliamentary Finance Committee announced that the real deficit in the federal budget for the current year amounted to 53 trillion dinars after the fall in world oil prices.
He said committee member Majda al-Tamimi said, “now is the law of the general budget deficit is 23 trillion dinars, but now, according to current accounts and lower oil prices in the global market, the deficit reached 53 trillion dinars.”
She explained, “That means that more than half of the public budget Read more…

Israel asserts: finance the war on “Daash” through the purchase of Kurdistan oil

Israel asserts: finance the war on “Daash” through the purchase of Kurdistan oil

Posted 24/08/2015 09:45 AM

Israel said it contribute to the financing of the war being waged on the organization Daash through the purchase of Iraqi oil issued by the Kurdistan region. The newspaper “Yisrael Hume”, a major Israeli newspapers, and is close to the Office of the Prime Minister Benjamin Netanyahu, said that the oil revenues earned by the Kurdistan Regional Government employs in the war waged by the organization Daash. The paper Read more…

MP: This is Iraq’s oil reserves and gold

MP: This is Iraq’s oil reserves and gold

23-08-2015 01:25 PM

Iraq today
Detection of the parliamentary finance committee decision that Iraq reserves of wealth of $ 59 billion, and 90 tons of gold, stressing that the country’s reserves decline year after year, the main reason for the drop in oil prices, which amounts to $ 40 per barrel. Said Ahmad Haji Rashid’an reserves Iraq’s fortunes decline year after year gradually, and in particular the dollar reserves, and who knows the Fed, and therefore decreased significantly Read more…

Kurdistan: Oil imports amounted to one billion and 550 million dollars in August and passed most of the financial crises

Kurdistan: Oil imports amounted to one billion and 550 million dollars in August and passed most of the financial crises

2015/8/22 17:59

[Baghdad – where]
announced the Ministry of Natural Resources in the Kurdistan region, on Saturday, that imports of oil during the month of August this exceeded what it promised and amounted to one billion and a half billion dollars, and confirmed that the region was able to bypass most of the financial crises of 2014, and with the ministry indicated that it ensured the amount of $ 850 million a month until 2016 by providing oil to buyers Read more…

Planning for the 2016 budget in Iraq

Planning for the 2016 budget in Iraq

Posted, 08/21/2015

With the last quarter of the year approaching, the General Directorate of the budget in the Iraqi Ministry of Finance to prepare the framework document, which will be built upon the final budget for next year. There is no doubt that the budget will face a deficit again with the government continues to struggle to reduce costs, at a time when oil prices are still lower than they were in previous years. Some of the austerity measures and reduce costs for some government expenditures have helped, but Read more…

Abadi: the reform does not include the abandonment of staff and published communication sites for corruption is not true

Abadi: the reform does not include the abandonment of staff and published communication sites for corruption is not true [expanded]

14/8/2015 4:34 p.m.

[Baghdad – where]
confirmed Prime Minister Haider al-Abadi, said that the reform announced by the government does not include the abandonment of staff, noting that there is a huge information pumped into the Internet and social sites “Facebook” to communicate about corruption is incorrect.
Ebadi said on Friday, during his speech in the Iraqi Youth Forum, he said that Read more…

Economist: lower oil prices will not continue and Iraq on the verge of bankruptcy

Economist: lower oil prices will not continue and Iraq on the verge of bankruptcy that has not grown its economy

03/08/2015 nine thirty-four

[Baghdad – where]
economist Abdullah al-Jubouri said, “The decline witnessed in oil prices will not last very much.”
He said al-Jubouri, told all of Iraq [where], “The continuing fall in oil prices and degradation for the fifth consecutive week came under the Iranian nuclear deal with the United Nations the United Nations and the Group 5 +1 and the European Union, China and Russia, which means Read more…

Iraq .. fifth-largest oil reserves to 140.3 billion barrels

Iraq .. fifth-largest oil reserves to 140.3 billion barrels

08/02/2015 13:40 GMT

Follow-up – and babysit – Barclays Bank said in its latest report, that Iraq comes in fifth in the world to own proven oil reserves estimated at 140.3 barrels.
Venezuela topped the list of Barclays Bank reserves estimated B297.7 barrels of oil, the country depends where reality in Latin America, entirely on the export of oil by 96 percent of the total exports.

Saudi Arabia came in second place oil reserves estimated at Read more…