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News from the House of Representatives to host oil minister in November 17, 2014 as reported by the information department of the Council
Oil Minister Adel Abdul Mahdi, that oil prices have seen a rapid decline exceeded 40 dollars in a few months, adding that Iraq will be affected oil prices down for adoption it is mainly in the construction of the financial budget of the country. He pointed out that the most important drop in oil prices factors are increasing shale oil production and increasing oil production in some African countries offset by lower global demand as well as declining growth rates in some Asian countries, especially that more than half of Iraq's oil production was exported to Asia and rising global stock of oil for most industrialized countries, it was hosted by Majlis deputies thirty minutes yesterday held Monday, chaired by President of the Council and in the presence of Salim al-Jubouri, 237 deputies, and the oil minister to discuss the oil and the economic reality of the country and the agreement between the federal government and the Kurdistan region.
Mr. Minister of Oil and likely absence of a rapid rise in oil prices during the current period in spite of the presence of the attempts being made to ensure the stability of the oil market or to achieve relatively high prices for pointing out that the expected oil price calculated in the construction budget for 2015 will appreciate to $ 80 per barrel, a link the performance of the Iraqi economy in the correct orientation of financial resources through improved compression unnecessary expenditures.
He said Abdul-Mahdi said the ministry in a review of the expenses for the country in the process of being can not be perpetuated, noting that the money currently can have a construction budget to contribute to development, stressing the need to diversify the Iraqi economy sources, especially after the decline in many sectors of the economy versus high dependence on the oil sector over the past years .
Mr. oil minister called for resorting to bold steps in the field of investment and attract capital to promote the reality of economic and the possibility of benefiting from the funds of the investment in the budget, noting that the agreement with the province to Ajribt grant amount of money compared to the amount of oil, but an important agreement for the purpose of reaching a final agreement between the government and the region .
He stressed that the agreement with the province can save imports million barrels of oil were absent from the 2014 expenses, alluding to the absence of a dispute and that all the oil resources must go to the state treasury, referring to the start of the arrival of 150 000 barrels of oil to the Turkish port of Ceyhan for export Iraqi government spokesman.
And between Mahdi said Iraqi forces approaching from access to the Baiji refinery, which provides about 300 000 barrels per day of crude oil in return will contribute to work in refineries and Kirkuk fields to take advantage of export and imports of 700 000 barrels per day in support of the budget.
In interventions, ladies and gentlemen of Representatives on the fact the oil MP Ibrahim Bahr al-Ulum asked the Chairman of the Commission on oil and energy ministry forecast oil production over the next year from the central and southern fields, calling for the development of a roadmap for installing the agreement between the federal government and the Kurdistan region.
He asked MP Mohammad Naji about the nature of the action taken by the Ministry of Oil to the Organization of Petroleum Exporting Countries to adjust oil prices, and indicated the MP Magda al-Tamimi, the need to know the border crossings revenue and included in the budget, and MP Mehdi al-Hafez and the Ministry of Oil to view the details of the agreement between the federal government and the Kurdistan Regional Government in all transparency, from his part, the deputy asked capable happy about the impact of the oil agreement between Baghdad and Erbil on oil and gas law, which has not been voted on yet, and MP Kanna on the need to know the special ministry's plan in coordination with the Kurdistan region to protect existing wells in the soft areas, and Tsalt MP Najiba Najib about how the survival of the region's share and linked by the amount of exported oil, and inquire MP Ali al-Adeeb, the fate of export Kirkuk's oil and destination of funds, calling for joint coordination between the neighboring countries, especially Saudi Arabia regarding oil prices, and ask Attorney Fares Albraivkane for oil strategy that will enable Iraq to face low national levels of imports, said Rep. Joseph Saliwa to the importance of the government to control effectively the oil extraction companies to reduce expenses and dues amounts which, in turn, called MP Ahmed al-Jubouri, the Ministry of Oil to deliver oil quota to the displaced people of Nineveh province, MP Ammar Tohme need to reach political agreement according to the standards of justice and population ratios, and wondered about the possibility of forming a front of the affected countries from flooding the oil market policy, and urged MP Mohsen Saadoun federal government to follow the policy of decentralization in the management of oil in order to achieve success in the economic file, and MP Mohammed al-Tai, the need for the federal government to conclude an oil agreement with Basra, and inquired about the MP Jawad al-owning ministry comprehensive plan to build a clear policy to diversify its financial resources and increase oil production.
In response to interventions Mr. Adel Abdul-Mahdi stressed that consumption in the global markets of 90 million barrels per day, compared to production of 91 million barrels per day, noting that al-OPEC ranks and policy will lead to adjust prices, but there are different opinions among its members, pointing to a need for some time to bear fruit Talks conducted by Iraq with the countries of the region on own oil policy agreements.
Mr. Minister of Oil and noted that the Ministry of Athbz adoption of criteria for distinguishing between the provinces and its role in the oil wealth management, pointing out that Iraq and its resources would be affected by a reduction in OPEC production despite the lack of full commitment to the decision of the organization, pointing to the existence of an agreement in the presence of the Prime Minister of the Kurdistan region to Baghdad within days to view All oil relationship between the federal and the provincial government to address the problems and details, indicating that the absence of a law of oil and gas regulation will hinder any oil relationship between the government and the regions, on the one hand and the oil-producing provinces on the other hand.
And between Mr. Abdul Mahdi said the responsibility not to enactment of the oil and gas borne by all stakeholders law, explaining that the lack of law and regulations and controls made it difficult to resolve the oil export issues by region. During the period of 2012 and the years that followed were the export of oil led to the complexity of the scene, pointing to contain it ended up through negotiations, it was a wise move, especially it aims to export 150 000 barrels of oil per day, adding that the agreement that we are trying to reach him to export oil through the region, the lines will be for the benefit of all, especially the provinces that pipeline to export oil from Kirkuk will be inoperable even if liberation of the city of Mosul.
For his part, Mr. al-Jubouri, gave thanks to the Lord of the oil minister and his accompanying delegation to attend the parliament session, and his information and observations about the fact the oil.
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Oil Minister Adel Abdul Mahdi, that oil prices have seen a rapid decline exceeded 40 dollars in a few months, adding that Iraq will be affected oil prices down for adoption it is mainly in the construction of the financial budget of the country. He pointed out that the most important drop in oil prices factors are increasing shale oil production and increasing oil production in some African countries offset by lower global demand as well as declining growth rates in some Asian countries, especially that more than half of Iraq's oil production was exported to Asia and rising global stock of oil for most industrialized countries, it was hosted by Majlis deputies thirty minutes yesterday held Monday, chaired by President of the Council and in the presence of Salim al-Jubouri, 237 deputies, and the oil minister to discuss the oil and the economic reality of the country and the agreement between the federal government and the Kurdistan region.
Mr. Minister of Oil and likely absence of a rapid rise in oil prices during the current period in spite of the presence of the attempts being made to ensure the stability of the oil market or to achieve relatively high prices for pointing out that the expected oil price calculated in the construction budget for 2015 will appreciate to $ 80 per barrel, a link the performance of the Iraqi economy in the correct orientation of financial resources through improved compression unnecessary expenditures.
He said Abdul-Mahdi said the ministry in a review of the expenses for the country in the process of being can not be perpetuated, noting that the money currently can have a construction budget to contribute to development, stressing the need to diversify the Iraqi economy sources, especially after the decline in many sectors of the economy versus high dependence on the oil sector over the past years .
Mr. oil minister called for resorting to bold steps in the field of investment and attract capital to promote the reality of economic and the possibility of benefiting from the funds of the investment in the budget, noting that the agreement with the province to Ajribt grant amount of money compared to the amount of oil, but an important agreement for the purpose of reaching a final agreement between the government and the region .
He stressed that the agreement with the province can save imports million barrels of oil were absent from the 2014 expenses, alluding to the absence of a dispute and that all the oil resources must go to the state treasury, referring to the start of the arrival of 150 000 barrels of oil to the Turkish port of Ceyhan for export Iraqi government spokesman.
And between Mahdi said Iraqi forces approaching from access to the Baiji refinery, which provides about 300 000 barrels per day of crude oil in return will contribute to work in refineries and Kirkuk fields to take advantage of export and imports of 700 000 barrels per day in support of the budget.
In interventions, ladies and gentlemen of Representatives on the fact the oil MP Ibrahim Bahr al-Ulum asked the Chairman of the Commission on oil and energy ministry forecast oil production over the next year from the central and southern fields, calling for the development of a roadmap for installing the agreement between the federal government and the Kurdistan region.
He asked MP Mohammad Naji about the nature of the action taken by the Ministry of Oil to the Organization of Petroleum Exporting Countries to adjust oil prices, and indicated the MP Magda al-Tamimi, the need to know the border crossings revenue and included in the budget, and MP Mehdi al-Hafez and the Ministry of Oil to view the details of the agreement between the federal government and the Kurdistan Regional Government in all transparency, from his part, the deputy asked capable happy about the impact of the oil agreement between Baghdad and Erbil on oil and gas law, which has not been voted on yet, and MP Kanna on the need to know the special ministry's plan in coordination with the Kurdistan region to protect existing wells in the soft areas, and Tsalt MP Najiba Najib about how the survival of the region's share and linked by the amount of exported oil, and inquire MP Ali al-Adeeb, the fate of export Kirkuk's oil and destination of funds, calling for joint coordination between the neighboring countries, especially Saudi Arabia regarding oil prices, and ask Attorney Fares Albraivkane for oil strategy that will enable Iraq to face low national levels of imports, said Rep. Joseph Saliwa to the importance of the government to control effectively the oil extraction companies to reduce expenses and dues amounts which, in turn, called MP Ahmed al-Jubouri, the Ministry of Oil to deliver oil quota to the displaced people of Nineveh province, MP Ammar Tohme need to reach political agreement according to the standards of justice and population ratios, and wondered about the possibility of forming a front of the affected countries from flooding the oil market policy, and urged MP Mohsen Saadoun federal government to follow the policy of decentralization in the management of oil in order to achieve success in the economic file, and MP Mohammed al-Tai, the need for the federal government to conclude an oil agreement with Basra, and inquired about the MP Jawad al-owning ministry comprehensive plan to build a clear policy to diversify its financial resources and increase oil production.
In response to interventions Mr. Adel Abdul-Mahdi stressed that consumption in the global markets of 90 million barrels per day, compared to production of 91 million barrels per day, noting that al-OPEC ranks and policy will lead to adjust prices, but there are different opinions among its members, pointing to a need for some time to bear fruit Talks conducted by Iraq with the countries of the region on own oil policy agreements.
Mr. Minister of Oil and noted that the Ministry of Athbz adoption of criteria for distinguishing between the provinces and its role in the oil wealth management, pointing out that Iraq and its resources would be affected by a reduction in OPEC production despite the lack of full commitment to the decision of the organization, pointing to the existence of an agreement in the presence of the Prime Minister of the Kurdistan region to Baghdad within days to view All oil relationship between the federal and the provincial government to address the problems and details, indicating that the absence of a law of oil and gas regulation will hinder any oil relationship between the government and the regions, on the one hand and the oil-producing provinces on the other hand.
And between Mr. Abdul Mahdi said the responsibility not to enactment of the oil and gas borne by all stakeholders law, explaining that the lack of law and regulations and controls made it difficult to resolve the oil export issues by region. During the period of 2012 and the years that followed were the export of oil led to the complexity of the scene, pointing to contain it ended up through negotiations, it was a wise move, especially it aims to export 150 000 barrels of oil per day, adding that the agreement that we are trying to reach him to export oil through the region, the lines will be for the benefit of all, especially the provinces that pipeline to export oil from Kirkuk will be inoperable even if liberation of the city of Mosul.
For his part, Mr. al-Jubouri, gave thanks to the Lord of the oil minister and his accompanying delegation to attend the parliament session, and his information and observations about the fact the oil.
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