Finance parliamentary calls for the formation of a crisis cell to invest oil revenues
11/29/2012 12:00 am
BAGHDAD - morning
called a member of the Parliamentary Finance Committee on Alsjeri, Wednesday, to the formation of a crisis cell to invest oil revenues, stressing that Iraq lacks a strategic economic, with the exception that the payment of compensations it will change gradually in the economy. said Alsjeri in a press statement , received "morning," a copy of it, that "the citizen can not touch the increase announced by the oil ministry reported in its oil production for the month of October the past and emerged from the large rise in fiscal revenue in the absence of plans and programs that elevate reality service in the country," calling to "the formation of a crisis cell to invest oil revenues." He Alsjeri that "Iraq lacks a strategic economic and he needs to strategic long-term investment of these funds," blaming everyone responsibility "default." However, a member of the Finance Committee and the Secretary General of the stream people, saying: that "investing those funds at this time is difficult because of go part of the oil revenues as a cover of the Iraqi currency," adding that "the proportion of 5 percent a year also go to Gulf War reparations, which hit Iraq for the most part." He Alsjeri that "the Iraqi economy will change gradually for the better After paying Iraq amounts of compensation and not quickly. "and the Oil Ministry announced, in (October 23, 2012), a rise in oil exports and revenues with the end of 2012 despite the bad weather experienced southern ports, while confirming that the largest share went to Asian markets . ministry also announced, in October last year, a rise in oil exports for the month of September last to two million and 600 thousand barrels per day and revenue financial amounted to more than eight billion and $ 400 million. and The Oil Ministry has signed a mid-July contracts last initial exploration and investment in patches exploratory 8 , 9, 12 with international oil companies won licensing round fourth, which began on May 30 for 12 exploration blocks in different parts of the country, including seven gas fields and five oil. revealed the Oil Ministry, on 18 January 2012, a plan to increase oil production during the current year 2012 to three million and 400 thousand barrels per day and increase its oil exports to two million and 600 thousand barrels per day. noteworthy that Iraq suffers from foot oil facilities, and currently produces about three million barrels of crude oil per day, and exported through Basra while exports remaining quantity for through the northern port.
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