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Oil: reduce our expenses own and provided billions of dollars to the state treasury
Date: 01/20/2016 11:00
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Information / BAGHDAD / ..
The Oil Ministry announced, on Wednesday, to provide billions of dollars to the state treasury by reducing expenditures and entitlements own.
Said Oil Minister Adel Abdul Mahdi, in an interview with the newspaper "Al-Sabah" seen by Agency / information / that his ministry "has reduced a lot of benefits and costs to rates close to two years, 2012 and 2013, after the receivables moving towards ascending large", stressing that "the provision of billions of dollars through the process of reducing the benefits. "
He added that "the sale of oil money entering Iraq at the present time, most of the money involved in the two years 2004 and 2005," noting "the existence of factors must be reviewed to overcome this crisis."
Abdul-Mahdi stressed "if Iraq succeeded in overcoming the economic crisis in conjunction with the serious reforms that must be carried out in parallel with the rise in oil prices once again will enter Iraq market vendors, not buyers market as well as he will gain a good experience for the management of oil wealth."
He's oil minister expressed the hope that "oil is not the future, the main element in the gross national product, but will be improved and desirable and acceptable part in that half of gross national product, and not to control oil revenues on the overall national product is what makes Iraq prisoner oil prices." Finished / 25 R.
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