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Allaibi: wasted $ 50 billion annually in the oil sector
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Former oil minister and member of the Supreme Parliamentary Committee for Energy [url=https://www.thebaghdadpost.com/ar/Story/t/1880/%D8%AC%D8%A8%D8%A7%D8%B1 %D8%A7%D9%84%D9%84%D8%B9%D9%8A%D8%A8%D9%8A][size=13]Jabbar Allaibi the[/url] existence of financial [You must be registered and logged in to see this link.] more than 50 billion dollars annually in [url=https://www.thebaghdadpost.com/ar/Story/t/16777/%D9%82%D8%B7%D8%A7%D8%B9 %D8%A7%D9%84%D9%86%D9%81%D8%B7]the oil sector[/url] only.
Al-Luaibi said in a press statement: "What makes matters worse is the lack of awareness of the nature of the challenges that face us. By virtue of his inherited existence. "
He added: "Iraq is losing more than $ 5 billion annually as a result of burning associated gas in the oil fields, at a time when the cost of importing oil derivatives in the country producing and exporting oil, approximately 3-4 billion dollars annually, can be saved by many means."
Al-Luaibi called for reconsidering the merits of the licensing round and its payments, stressing: "This is an important demand to reduce the damage suffered by the country because of this wrong decision, which costs the state budget $ 15 billion."
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Former oil minister and member of the Supreme Parliamentary Committee for Energy [url=https://www.thebaghdadpost.com/ar/Story/t/1880/%D8%AC%D8%A8%D8%A7%D8%B1 %D8%A7%D9%84%D9%84%D8%B9%D9%8A%D8%A8%D9%8A][size=13]Jabbar Allaibi the[/url] existence of financial [You must be registered and logged in to see this link.] more than 50 billion dollars annually in [url=https://www.thebaghdadpost.com/ar/Story/t/16777/%D9%82%D8%B7%D8%A7%D8%B9 %D8%A7%D9%84%D9%86%D9%81%D8%B7]the oil sector[/url] only.
Al-Luaibi said in a press statement: "What makes matters worse is the lack of awareness of the nature of the challenges that face us. By virtue of his inherited existence. "
He added: "Iraq is losing more than $ 5 billion annually as a result of burning associated gas in the oil fields, at a time when the cost of importing oil derivatives in the country producing and exporting oil, approximately 3-4 billion dollars annually, can be saved by many means."
Al-Luaibi called for reconsidering the merits of the licensing round and its payments, stressing: "This is an important demand to reduce the damage suffered by the country because of this wrong decision, which costs the state budget $ 15 billion."
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