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[size=36]Oil explains why it provides ministries with raw materials at unsupported prices[/size]
Economy | 01:52 - 02/25/2020
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Baghdad - Mawazine News
, the Ministry of Oil, on Tuesday, explained the reasons for providing ministries with raw materials at unsupported prices.
Deputy Minister of Oil for Distribution Affairs Karim Hattab said, "The weak financial allocations for the ministry's projects led to a lack of national production of raw materials and thus resort to imported crude."
He added that "increasing the national production will enable the ministry to supply the rest of the ministries and state institutions with raw materials at subsidized prices up to half of the present value."
It is noteworthy that the revenues of the Ministry of Oil in January amounted to more than $ 120 million.
The Ministry of Oil, in a statement received by the Iraqi News Agency (INA), said, "The Oil Marketing Company announced the amount of crude oil shipments exported, which were sold at a price premium and achieved additional revenue during the month of January," noting that "the total quantities exported from oil shipments Crude at a price premium of (1) million and (938) thousand and (889) barrels, with total revenues of (120) million and (321) thousand and (471) dollars,
and Al-Yasiri indicated that the exported shipments were from Kirkuk and Basra crude. Al-Khafif. "Completed 29 / A 43
, the Ministry of Oil, on Tuesday, explained the reasons for providing ministries with raw materials at unsupported prices.
Deputy Minister of Oil for Distribution Affairs Karim Hattab said, "The weak financial allocations for the ministry's projects led to a lack of national production of raw materials and thus resort to imported crude."
He added that "increasing the national production will enable the ministry to supply the rest of the ministries and state institutions with raw materials at subsidized prices up to half of the present value."
It is noteworthy that the revenues of the Ministry of Oil in January amounted to more than $ 120 million.
The Ministry of Oil, in a statement received by the Iraqi News Agency (INA), said, "The Oil Marketing Company announced the amount of crude oil shipments exported, which were sold at a price premium and achieved additional revenue during the month of January," noting that "the total quantities exported from oil shipments Crude at a price premium of (1) million and (938) thousand and (889) barrels, with total revenues of (120) million and (321) thousand and (471) dollars,
and Al-Yasiri indicated that the exported shipments were from Kirkuk and Basra crude. Al-Khafif. "Completed 29 / A 43
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