Iraq Press -27 February:
The Deputy Chairman of the Committee on Natural Resources in the Kurdistan Parliament Dilshad Shaaban, on Friday, the Territory Government expenditure and revenue generated from the production details and the sale of oil during the years from 2007 up to 2014.
He cited the Kurdistan Democratic Party site on the lips of Shaaban, the oil policy of the provincial government actually began in 2007. Since the enactment of Law No. 27 oil and gas in the region and the private international oil companies went to the region to explore for oil and gas wealth in the territory.
Shaaban said that the province across tables sold during the years from 2007 to 2013 amounts of crude oil and its derivatives for a total amount of $ 4,900,053,537 US, while the commission 38 oil contracts of $ 45,893,693 and other income of $ 739 987 437 and reached total revenues of $ 9,714,331,861.
As for the total expenditures amounted according to the attached table 8794110220 US dollars, and the province has achieved a surplus of revenue was $ 920221641 up to 2013.
As for 2013, the provincial government has total revenues amounted to $ 2,888,416,863 US, while expenditures totaled the same for the year of $ 3,216,272,849, and thus the amount of the deficit of $ 327 855 986.
He said Shaaban to, "The year 2014 witnessed the practice of the federal government's pressure on the provincial government of forcing him to hand over Baghdad 400 000 barrels of crude oil per day in order to hand over the Arbil region's share of the Iraqi general budget amounting to 17% of the total, indicating that at the time was the export capacity the province does not exceed 250 000 barrels of oil per day and was consumed, including 150 000 barrels to secure the internal needs of fuel. "
He added, "The federal government does not agree to it and cut off the region's share of the budget and the beginnings of the financial crisis in the region," he said appeared. On
He continued, "The day 22 of the month of May of last year saw the completion of the pipeline transportation of oil from the region to Turkey line and under an agreement with Ankara, the province sold between 120-150 thousand barrels of crude oil per day and was gradually increased to that reached 350 000 barrels day and arrived these days to between 400-450 thousand barrels per day. "
He asked Shaaban Was exported quantities of oil revenues from the region are sufficient for the government to pay salaries to its employees, and answered it were not enough?
He continued that "after reaching Baghdad and Erbil agreement last oil which committed the provincial government to export 250 000 barrels of oil in favor of the federal government for the first get their share of the budget amounting to 17% of them."
He added by saying, "The province has exported 150 000 barrels per day during the month of December of last year and started with the beginning of 2015 the export of 250 000 barrels per day and this is what a great burden of adding him because he is committed to re-loan amounts received by the oil companies to secure employees' salaries and it delivered quantities of crude oil, "adding that" the region is still unable to pay Alakhirn months of last year to secure. "
He pointed out that "if the Baghdad committed to the agreement, the province had overcome the problems of financial and stayed with him and he found a solution to its loans, but the federal government has informed the provincial government even if it had committed to the export of 550 000 barrels of oil a day is not able Baghdad to give them a penny because the coffers are empty." .
He noted Shaban to other economic risks identified in the attached tables for total revenues and expenditures of the government in 2014, which infer that the total revenue last year of $ US 6,820,617,497 in total expenditure of $ 12,246,346,700 was in total loans from banks amounted to $ any 10.6725 billion that the total deficit in addition to her loans amounted to $ 16098229217.
He concluded by saying, "The provincial government is currently making efforts with Turkey and Baghdad and a number of friendly countries to find solutions to this crisis," calling on everyone to "cooperate for that" .anthy (1)
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