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[rtl]Date of release: 2017/11/12 18:44 • 359 times read[/rtl]
The Minister of Oil, Jabbar Ali Al-Allaibi, announced the success of the ministry in achieving financial revenues of the federal treasury amounted to 47 billion and 800 million dollars on the export of crude oil to global markets within 10 months.
A statement by the ministry, received by the agency {Euphrates News} a copy of it today that al-Allaibi "confirmed during a meeting of the Committee on crude oil pricing in the Oil Marketing Company on Sunday, the ministry has fulfilled its obligations to the federal treasury for this year 2017 and was able to achieve financial revenues amounted to 48.880 dollars during The period mentioned and before the end of the months of this year, with our expectations to add more than 10 billion dollars for the months of November and December the next and exceed the total revenue is expected this year about 57 billion dollars.
"The ministry has also achieved an increase in financial revenues of more than 7 billion dollars in 10 months in spite of the financial, economic and security challenges facing our work as well as Iraq's commitments to reduce production within the decisions of the OPEC," he said, "an achievement for the government and the ministry and oil workers "He said.
For his part, said spokesman Assem Jihad, "The average price of selling barrels of crude oil for the past ten months amounted to more than 47 dollars a barrel, an increase of more than 5 dollars from the price that was adopted in the federal budget for 2017."
He expressed his hope that this increase in national financial revenues will reduce the proportion of the deficit in the federal budget. He predicted that "the ministry will achieve higher revenues next year compared to the current year if prices maintain their current rates, as well as stability of global markets and increase demand for Crude oil "
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Oil Minister: We have fulfilled our commitment to state coffers by more than 47 billion dollars
[/rtl][rtl]Date of release: 2017/11/12 18:44 • 359 times read[/rtl]
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[rtl]The Minister of Oil, Jabbar Ali Al-Allaibi, announced the success of the ministry in achieving financial revenues of the federal treasury amounted to 47 billion and 800 million dollars on the export of crude oil to global markets within 10 months.
A statement by the ministry, received by the agency {Euphrates News} a copy of it today that al-Allaibi "confirmed during a meeting of the Committee on crude oil pricing in the Oil Marketing Company on Sunday, the ministry has fulfilled its obligations to the federal treasury for this year 2017 and was able to achieve financial revenues amounted to 48.880 dollars during The period mentioned and before the end of the months of this year, with our expectations to add more than 10 billion dollars for the months of November and December the next and exceed the total revenue is expected this year about 57 billion dollars.
"The ministry has also achieved an increase in financial revenues of more than 7 billion dollars in 10 months in spite of the financial, economic and security challenges facing our work as well as Iraq's commitments to reduce production within the decisions of the OPEC," he said, "an achievement for the government and the ministry and oil workers "He said.
For his part, said spokesman Assem Jihad, "The average price of selling barrels of crude oil for the past ten months amounted to more than 47 dollars a barrel, an increase of more than 5 dollars from the price that was adopted in the federal budget for 2017."
He expressed his hope that this increase in national financial revenues will reduce the proportion of the deficit in the federal budget. He predicted that "the ministry will achieve higher revenues next year compared to the current year if prices maintain their current rates, as well as stability of global markets and increase demand for Crude oil "
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