[size=30]Oil brings additional revenues to the federal budget exceeded 7 billion dollars[/size]13/11/2017 10:45 |
Number of readings:font size: [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
Trend Press / Baghdad
Oil Minister Jabbar al-Allaibi announced the success of the ministry in achieving financial revenues of the federal treasury amounted to about 7.880 dollars for the export of crude oil to the world markets within 10 months.
The ministry said in a statement obtained by "Trend Press" on a copy of it on Monday, "The Minister of Oil during his chairmanship of the meeting of the Committee of crude oil pricing in the Oil Marketing Company confirmed that" the ministry fulfilled its obligations to the Federal Treasury for this year 2017 and was able to achieve financial revenues amounted to 48,880 During the period mentioned and before the expiration of the months of this year, with our expectations to add more than 10 billion dollars for the months of November and December and thus exceed the total revenues expected for this year about 57 billion dollars.
Al-Luaibi said that the ministry has also achieved an increase in financial revenues of more than 7 billion dollars in 10 months despite the financial, economic and security challenges facing our work as well as Iraq's commitments to reduce production within the decisions of the Organization of the Petroleum Exporting Countries, an achievement for the government and the ministry and for workers in the oil sector.
For his part, the spokesman of the ministry Asim Jihad, according to the statement that the rate of selling the price of a barrel of crude oil for the past ten months amounted to more than 47 dollars a barrel, an increase more than 5 dollars from the price that was adopted in the federal budget for 2017.
The ministry spokesman expressed the hope that this increase in national financial revenues will reduce the proportion of the deficit in the federal budget.
Jihad predicted that the ministry will achieve higher revenues in the next year compared to the current year if prices keep their current rates, as well as the stability of global markets and increase demand for crude oil.[You must be registered and logged in to see this link.]