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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq faces an unprecedented fiscal deficit that may reach 70 trillion dinars

    Rocky
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    • Post n°1

    Iraq faces an unprecedented fiscal deficit that may reach 70 trillion dinars Empty Iraq faces an unprecedented fiscal deficit that may reach 70 trillion dinars

    Post by Rocky Sun 16 Apr 2023, 8:34 am

    [rtl]Iraq faces an unprecedented fiscal deficit that may reach 70 trillion dinars[/rtl]
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    [rtl]Baghdad-Iraq Today:

    The oil expert, Nabil Al-Marsoumi, revealed the size of the financial losses resulting from the suspension of Iraqi oil exports through the Turkish Ceyhan pipeline, amounting to one billion dollars per month, according to him.[/rtl]
    [rtl]Al-Marsoumi said in a press interview, "450,000 barrels of oil were exported daily from the Kurdistan region, distributed to 400,000 barrels of Kurdistan and 50,000 barrels of Kirkuk oil, via the Ceyhan line to Turkey," noting that "with the Ceyhan line stopping, there is no outlet." Another for exporting oil other than the southern ports.[/rtl]
    [rtl]He explained that "the resumption of exports via the Ceyhan line will not be soon, according to the indications, since the Turkish side is working to extinguish Iraq's financial debts for the previous export periods, the dispute of which was resolved by the International Tribunal's decision." in favor of Baghdad.”[/rtl]
    [rtl]He added, "The agreement that was announced between the federal government and the regional government is not considered a final agreement, especially with regard to its ownership of the "pipeline" through which the regional government exports," pointing out that "the current obstacle Those who stand before resuming the export of northern Iraq's oil are the Turkish side." ".[/rtl]
    [rtl]Al-Marsoumi indicated that “the situation remaining as it is without exporting will cause great damage to the oil wells in Kurdistan, since the closure will lead to a technical defect, “reservoir pressure damage,” and therefore it will again need large investments in order to return to previous production levels.[/rtl]

    [rtl]And he continued, "The cessation of oil pumping through the fields of northern Iraq for many months will have repercussions on the widening of the deficit in the 2023 budget, given that the volume of exports will be less than 3 and a half million barrels, noting that "this matter will contribute to raising the deficit in the budget." From 64 trillion to 70 trillion dinars, which calls for a high-level official Iraqi move to resume oil pumping and export via the Turkish Ceyhan pipeline.[/rtl]


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