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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

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    Oil Ministry: the sale price of a barrel of oil is $ 90 and 761 cents

    Rocky
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    • Post n°1

    Oil Ministry: the sale price of a barrel of oil is $ 90 and 761 cents Empty Oil Ministry: the sale price of a barrel of oil is $ 90 and 761 cents

    Post by Rocky Sat 25 Oct 2014, 7:44 am

    Oil Ministry: the sale price of a barrel of oil is $ 90 and 761 cents


    Under section: economic Dated: October 25, 2014


    BAGHDAD / Network News Iraq oil ministry announced on Thursday the federal high exports of Iraqi crude oil in return for lower revenues during the month of September at prices influenced by global markets, which is witnessing a decline since Asabia.ccant Iraq's exports of crude oil during the month of August has reached 73 million barrels revenues amounted to more than seven billion Dolar.bhsp Ministry Alinvt.oukal ministry spokesman Assem Jihad said in a statement: that "According to the final statistics issued by the Iraqi Oil Marketing Company [SOMO] The total amount of oil exports for the month of September 76.2 million barrels while the income earned six billion and 916 million dollars. "And Jihad said that" all the quantities exported and the income earned in the last month which was one of the southern ports in Basra, "The Kirkuk oil exports through the line of Kirkuk - Ceyhan are parked because of terrorist operations." He said Jihad "The average selling price was $ 90 and 761 cents per barrel" .ofatt spokesman for the Oil Ministry that "the amount of oil above were uploaded by the international oil companies that carry different nationalities of the 30 oil companies from the ports of Basra and Khor al-Amaya and buoys monounsaturated on Gulf. "He said the statement that" the oil ministry and through faith in informing the people on the export operations and the amounts realized it has taken this procedure monthly ".ccant agency all of Iraq [where] prepared a statistical based Bulletin of the Ministry of Oil monthly export volume and revenue for eight months last year Current amounted to more than 599 million barrels revenues exceeded 60 billion Dolar.ujae in this period that "the volume of exports since the month of January up to August last two reached 599 million and 200 000 barrels and revenues realized worth $ 60 billion and 201.1 million dollars in the sale price per barrel in global markets at a rate of $ 100, according to what declared by the Ministry of Oil, ".oovq statistical month of September has reached the chest of Iraq's oil and the revenues generated combined them during the past nine months of this year, the amount of 675 million and 400 000 barrels included by 67 billion and 117 million and 100 000 dollars. since June last year, the oil lost more than 25% of its value, and the price of Brent to 86.16 dollars a barrel, while the price of American light crude to 82.75 dollars per barrel last weekend. 

    Economists warned Iraqis get from a big deficit in the fiscal budget for Iraq through 2015 if it continues to decline in oil prices, especially with the country's dependence on oil rents by more than 90% in the establishment of the annual financial Moisnath. 

    It is said that the legislative and executive authorities of Iraq so far not approved the budget year 2014, where applicable Faleh rule out a member of the Finance Committee parliamentary approval with the possibility of the survival of two months of the year. 

    The sari's [where] "very difficult to have a budget for 2014 for several reasons, Mrs. Mubarak that the size of fiscal revenue low of oil imports to Iraq to halt exports of Kirkuk and the Kurdistan region, in addition to the decline in world oil prices, and thus Revenue is the actual obtained by the public treasury of the State are few and do not meet the preparation of the budget law, because the law implies an obligation to pay for operations accompanied by exaggerated. " 

    And the balance in 2015 a member of the Finance Committee called on the government to "prepare a draft law that takes into account the significant decline in oil prices and the quantities exported real, realistic and based on these two issues is preparing the budget realistic and not based on the high numbers" Ended   SOURCE  [You must be registered and logged in to see this link.]
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