Home
Iraq increases oil exports to fill the budget Gr
The Commission on oil and energy parliamentary, on Monday, that Iraq is moving towards increasing its oil exports to overcome the financial crisis afflicting the country.
A member of the committee MP Hussein al-Awadi's «Journal News», that "there are significant challenges facing Iraq's most prominent political and security problems, which led to the worsening of the financial crisis, which the government was forced to increase production and export of oil rates in order to bridge the deficit in the federal budget."
He added that "Iraq is a binding agreement to reduce OPEC's output, but the Iraqi negotiator in the Organization of Petroleum Exporting Countries negotiating it in order to allow Iraq to increase production rates to compensate for the shortfall in fiscal revenue."
The country's oil exports saw an increase during the month of last June to reach about 3 million and 273 thousand barrels per day, an increase of 11 thousand barrels per day.
Iraq relies on the sale of oil revenues to finance up to about 95% of the expenses of the state, and was the decline in crude prices since 2014, a significant impact on the Iraqi economy.
And agreed to the Organization of the Petroleum Exporting Countries (OPEC) on a limited reduction in oil production in the first agreement of its kind since 2008, with Saudi Arabia the largest producer in the Organization to soften its stance towards Iran's rival amid growing pressure from falling crude prices.
[You must be registered and logged in to see this link.]
The Commission on oil and energy parliamentary, on Monday, that Iraq is moving towards increasing its oil exports to overcome the financial crisis afflicting the country.
A member of the committee MP Hussein al-Awadi's «Journal News», that "there are significant challenges facing Iraq's most prominent political and security problems, which led to the worsening of the financial crisis, which the government was forced to increase production and export of oil rates in order to bridge the deficit in the federal budget."
He added that "Iraq is a binding agreement to reduce OPEC's output, but the Iraqi negotiator in the Organization of Petroleum Exporting Countries negotiating it in order to allow Iraq to increase production rates to compensate for the shortfall in fiscal revenue."
The country's oil exports saw an increase during the month of last June to reach about 3 million and 273 thousand barrels per day, an increase of 11 thousand barrels per day.
Iraq relies on the sale of oil revenues to finance up to about 95% of the expenses of the state, and was the decline in crude prices since 2014, a significant impact on the Iraqi economy.
And agreed to the Organization of the Petroleum Exporting Countries (OPEC) on a limited reduction in oil production in the first agreement of its kind since 2008, with Saudi Arabia the largest producer in the Organization to soften its stance towards Iran's rival amid growing pressure from falling crude prices.
[You must be registered and logged in to see this link.]
» utube 6/4/24 MM&C IQD Update-Iraq Dinar-2024 Budget Passed-Gazzette-Timing-197 Companies Cease Dol
» utube 6/6/24 MM&C Iraq Dinar- IQD Update-Tripartite Budget-Economic Decision-D
» Demanding the government to reveal the details of its meeting with Kuwait and Saudi Arabia
» An economist reveals the positive side of the budget
» The Housing Fund launches new loans after an agreement with the Central Bank
» The President of the Republic: The relationship between the federal government and the regional gove
» Parliamentary Finance: The new salary scale is still under study
» The central bank sells more than $275 million at auction today
» Kurdish MP: The region’s share in the budget is fair and we are happy to see it passed
» Abdel Wahid: The region’s budget allocations do not fit its reality, and the smuggled funds are no l
» Al-Sudani: Understandings with France amounting to one billion euros to build industrial projects...
» FinTech in Iraq: How is Iraq reshaping its financial future?
» A new rise in dollar prices in Baghdad and Erbil
» The US State Department calls on the Iraqi government to hold accountable those responsible for targ
» The authorities in Kurdistan warn against immigration abroad by closing camps for displaced people i
» Oil announces an increase in the rate of electronic trading
» The Minister of Education opens a job fair with the participation of 40 institutions specialized in
» What are the rates of completion on the “Development Road”?... Al-Kaabi: We will develop new highway
» The oil export file prompts a Kurdish delegation to visit Baghdad next week
» Baghdad intends to transform its entrance controls into electronic smart ones
» It confirmed its commitment to money laundering standards.. The Iraqi National Bank: We do not deal
» America: Attacks on our companies harm Iraqi workers and capital
» Iraq announces a decrease in salinity in the marshes
» Economic warning from the Basra-Aqaba pipeline.. How much is its value?
» In exchange for money...thwarting attempts to sell ministerial questions in 3 Iraqi provinces
» Customs: We closed the exemption corruption and are pursuing violators
» A massive campaign to lift violations of electricity
» The Prime Minister sponsors an international agreement to finance the private sector
» Wait in the health professions law
» Construction of 3 dams in Kurdistan
» Parliament: We support the initiative to increase housing units
» The “National Contract” calls for accelerating the selection of the Speaker of Parliament
» Investment law in the balance of the economy
» Al-Rafidain: Digital transformation is proceeding according to set timings
» Head of the Customs Authority told {Al-Sabah}: We closed the exemption corruption and are prosecutin
» Al-Sudani: The scourge of corruption is no different from terrorism and must be fought
» Completing all sections and bridges on the Baghdad-Kirkuk road from the Tuz Khurmatu side
» Foreign oil companies in Kurdistan hosted by Baghdad to solve the oil crisis “face to face”
» President Rashid: Iran is a very important neighbor of Iraq and our relationship with it is good and
» Warnings and fears about the Basra-Oqba project: Its goal is normalization with Israel
» The Iraqi Trade Bank warns of fake pages bearing its name and logo
» Despite Al-Maliki's remarks, the State of Law bloc rules out challenging the 2024 budget schedules
» Revealed in numbers the completion rates achieved in the Al-Faw Grand Port projects... Transport for
» He confirmed that there is high coordination with the Journalists Syndicate regarding freedom of opi
» An environmental specialist points out the dangers of the lack of water imports to Iraq
» The Iraqi Communist: Voting on the budget schedules before approving the final accounts...a violatio
» Everything is polluted in Iraq: the air, the water and the land
» Parliamentary Security reveals the latest developments in the joint committee between Iraq and the i
» Oil explains the details of exploring oil and gas fields in the western regions
» Al-Sumaria: Strict judicial measures against telecommunications companies that violate instructions
» Trade exchange between Iranian Azerbaijan and the Kurdistan Region rises to one billion dollars
» Finance announces financing the salaries of Kurdistan Region employees due for the month of May
» American report: Saddam misled Washington and the invasion of Iraq was a disaster
» Al-Sudani and Al-Hakim discuss fighting corruption and improving service conditions
» The Prime Minister opens the first forum of governorate councils
» Al-Sudani renews his government’s support for the work of the provincial councils
» Washington calls on Baghdad to hold accountable those targeting American companies: The attacks targ
» The Housing Fund intends to grant 17,000 loans during 2024
» Distribution of salaries before the Eid holiday... Finance surprises employees
» More than 12 million bank accounts to date
» Al-Rafidain: About 1,502 loans were issued to those registered under the Riyada initiative since las
» Al-Maliki: There is no intention to approve the general amnesty law
» Al-Sudani: Understandings with France amounting to one billion euros to build industrial projects...
» Al-Sudani: The available factories for construction materials cover only a quarter of the need
» An economist indicates the absence of the private sector in the 2024 budget
» Central Bank of Iraq sales exceeded $270 million at today’s auction
» The Iraqi budget is moving toward “publishing and disbursing” without presidential approval
» A government parliamentary agreement regarding residents of slums
» Al-Rafidain: Implementing the comprehensive banking system in the White Palace branch
» Sudanese sponsors the signing of a cooperation agreement between the Trade Bank and the German Expor
» Financial inclusion in Iraq: a success story that defies the odds
» Parliamentary Finance: All revenues are not enough to meet the country’s needs, and the budget prohi
» Iraqi Business Council: The budget schedules are flexible and include sacred paragraphs
» Democratic Party: The cessation of oil exports through Türkiye has caused Iraq huge losses
» The government's lack of seriousness in removing the Americans leaves Iraq exposed to them
» Al-Sudani sponsors the signing of an agreement between the TBI Bank and a German institution
» Water scarcity and air pollution...the most prominent challenges facing Iraq
» Parliamentary Finance: Contract employees are included in the budget
» An investigation committee will be formed into the file of trainees of Korean companies / document
» Parliamentary Finance: The region’s share in the budget is still unclear
» A representative wonders about the fate of 57 trillion dinars in the budget
» A new group of targets of restaurants and foreign agencies was arrested in Baghdad
» Including transfers and attracting investors.. The Supreme Judiciary determines the advantages of re
» International Finance Corporation.. An agreement to qualify youth in Iraq and Lebanon
» Oil reveals new government directives related to 4 sectors
» The Council of Ministers takes a series of economic decisions
» Did the 2024 budget schedules do justice to the Kurdistan Region?
» Parliament's finances determine the amount of disbursement during 2024
» “You will lose confidence in them.” A deputy criticizes a “dangerous phenomenon” committed by member
» Sudanese Advisor: Iraq's external debt has fallen to 9 billion dollars
» Erbil markets 300 food trucks to the rest of the governorates daily
» The Prime Minister inaugurates the second specialized workshop to support the private industrial con
» The Prime Minister sponsors the signing of a cooperation agreement between the Iraqi Trade Bank and
» Al-Sudani: Voting on the budget supports the government’s work
» Al-Sudani: Iraq is the cornerstone of stability in the region and the world
» The Commission is looking into developing electronic voting devices
» Baghdad urges steps towards combating corruption
» This year: launching the electronic housing card