Conscious / Baghdad / P. U
Parliamentary Finance Committee demanded, Sunday, Oil Minister Adel Abdul Mahdi, an increase Iraq's oil exports for the shortfall processor in the budget of 2015, indicating the latter said on condition of paying $ 19 billion dinars in provisions to oil companies in return for increased production capacity, while the proposed oil contract agreement with Kuwait extends until 2025 at a price of up to $ 90 per barrel.
Said committee member Ahmed flesh reporter (news agency, media / INA) that "the Finance Committee, hosted on Saturday, Oil Minister Adel Abdul Mahdi, in order to know the quantities of exported oil and imports and how to increase production capacity in order to address the budget 2015 deficit."
He added that the flesh "of the Finance Committee, the Minister stressed that the production capacity of the oil ratio is insufficient and unsatisfactory and not as a decree in the budget of 2015," noting that "the minister stressed that we can increase oil production source."
Hama said that "the Finance Committee asked Abdul-Mahdi to increase production capacity for the shortfall in the draft federal budget law for 2015, the current treatment, but the latter condition allocated $ 19 billion as a guarantee against the oil companies to increase production."
He flesh out that "Oil Minister assured the Committee that reduce benefits and the Ministry of Oil of the budget has a negative effect and dangerous because the investing companies will work to reduce the production rate," adding that "the Commission proposed to Abdul-Mahdi oil contract agreement with the State of Kuwait begins this year and ends 2025 provides for providing one million barrels per day at a price ranging between 85 and 90 dollars without interest down oil prices. "
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