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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The rise in oil will not provide money for Iraq, and the financial surplus will go to the "hidden pa

    Rocky
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    The rise in oil will not provide money for Iraq, and the financial surplus will go to the "hidden pa Empty The rise in oil will not provide money for Iraq, and the financial surplus will go to the "hidden pa

    Post by Rocky Tue 25 May 2021, 7:35 am


    [size=30]The rise in oil will not provide money for Iraq, and the financial surplus will go to the "hidden partner" .. Accounts unravel the mystery


    2021-05-25
    [/size]
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    Yes Iraq: Baghdad

    Since the price of oil began to rise steadily, and the price of a barrel of oil was fixed in the budget at $ 45 despite the oil prices reaching between $ 60-65, representative parties are moving on the need to raise the price of a barrel of oil in the budget or to conduct a supplementary budget to take advantage of the surplus funds Formed by the price difference between the budget and the real price.
     
    With no step taken from the foregoing, observers and specialists confirm that the money achieved from the price difference will be invested in one way or another to fill the deficit in the budget, as the price difference between the one recorded in the budget, which resulted in a deficit in the budget of approximately 15 billion dollars, as Iraq It is assumed that more than one billion barrels of oil will be exported during the current year, and with a difference of the price of a barrel of 15 dollars between the proven budget and the currently achieved exceeding 60 dollars, Iraq will achieve an additional 15 billion dollars to fill the deficit.
     
    However, the "hidden" detail that observers and specialists always miss is that the revenues do not mean profits, related to the cost of extracting a barrel of oil, this detail that will destroy hopes of obtaining a financial surplus from high oil prices, as it will go to companies and not to the state treasury and cannot be used. In the plug.
     
    A member of the Finance Committee, Jamal Cougar, said in a press statement, "International oil prices at this stage are very normal compared to the price in the federal budget, and it is not possible to talk about the existence of a surplus between the two prices, based on many considerations, including that the prices are currently approximately $ 66 per barrel. "The one is a Brent. As for Iraqi oil, it is two dollars less or a little more, and the net price in the budget is $ 45."
    And he indicated that “Iraq's sale of oil at $ 62 a barrel is not considered a net amount for the country's treasury, given that the licensing rounds take between 14- 16 trillion dinars, and for each barrel at least two dollars are given to companies, which means that the disbursements of each barrel are an estimate of up to 15 dollars, which means The surplus, even if it was, would be very small.
     
    Cougar added, "In the event of a rise in global oil prices during the next few months, it is possible to benefit from it within the basic chapters, the first of which is the preparation of a supplementary budget, given that holding elections in October will make it difficult for the next government and parliament to prepare a budget for the next year, which makes us need. To a supplementary budget, "pointing out that" the other door is the possibility of benefiting from the expected surplus to pay off outstanding foreign loans that were due to be paid and were postponed in the budget, including the prices of gas exported from Iran to Iraq to operate the power stations. "
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