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Province: an opportunity to achieve strong progress with Baghdad over 2016 budget

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Rocky


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Province: an opportunity to achieve strong progress with Baghdad over 2016 budget




11/11/15



The Ministry of natural wealth and resources in the Kurdistan Regional Government that there is an opportunity to make progress with the federal government on the budget for fiscal 2016. According to the monthly report of the ministry for its oil exports last month, that "the Kurdistan Regional Government will continue to work with their counterparts in the federal government to find a solution to all issues prudent oil and gas, noting in this regard, that there is an opportunity to achieve strong progress in future discussions on the federal budget for 2016 ". He pointed to the "exported 18 million and 461 thousand and 357 barrels of crude oil [at a rate of 595 thousand and 528 barrels per day, across Kurdistan pipeline network to the Turkish port of Ceyhan." He explained, "The fields are operated by the Kurdistan Regional Government issued 13 million and 611 thousand and 252 barrels last October [at a rate of 439 thousand and 73 barrels per day, while the fields are operated by the North Oil Company issued four million and 850 thousand and 105 barrels [a rate of 156 thousand and 455 barrels per day]. " The report pointed out that "Due to circumstances beyond the control of the Kurdistan Regional Government, has stopped export via pipelines through the month of October for 3 days, due to the attempts of sabotage and theft." He added that "the Kurdistan Regional Government continued in the month of October, increased oil sales directly through the port of Ceyhan to make up the shortfall in the share of the Kurdistan region of Iraq's public finances and the budget that the federal government did not send in Baghdad."

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