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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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    Parliamentary Committee: The increase in oil prices did not address Iraq's budget deficit

    Rocky
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    Parliamentary Committee: The increase in oil prices did not address Iraq's budget deficit Empty Parliamentary Committee: The increase in oil prices did not address Iraq's budget deficit

    Post by Rocky Sat 03 Jul 2021, 7:02 am

    Parliamentary Committee: The increase in oil prices did not address Iraq's budget deficit
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    Al-Habouri: We are surprised when some talk about the existence of financial abundance
     Jul 03, 2021 01:49 PM
    Mubasher: The Finance Committee of the Iraqi Parliament confirmed today, Saturday, that the increase in oil prices did not address the budget deficit.
    The head of the committee, Haitham al-Jubouri, said in a statement to the Iraqi News Agency, "INA": "So far, according to the new oil prices, the financial deficit in the budget has not been filled, despite the fact that oil reached $75, but Iraqi oil is lower than international prices, with the exception of Basra Light oil." In addition to the cost of oil production.
    Al-Habouri pointed out that a barrel of oil after its extraction is filtered from its price of 60 dollars after hitting it with a production of 2 million 880 thousand within 365 days, and in light of the current exchange rate, we find that it did not fill the deficit in the budget.
    He pointed out that the budget is estimated at 130 trillion and at current prices we still have a real deficit in investment and operational expenditures of 30 trillion, explaining: "We are surprised by the talk of some about the existence of financial abundance." 
    Al-Jubouri added, that the abundance that is achieved goes to filling the financial deficit in the budget, and therefore we still need to return the million barrels that were deducted from the quantities that Iraq is supposed to produce according to the “OPEC” agreement so that we can completely fill the real deficit to spend the budget, but in the situation The current deficit still exists.
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    [You must be registered and logged in to see this link.] , to end the “NYMEX” crude contracts for August delivery, trading, down 0.1 percent, at the level of $75.16 a barrel.
    By 7:25 GMT, in trading after the settlement yesterday, “NYMEX” crude rose 0.2 percent at the level of $75.38 a barrel, and the price of “Brent” crude contracts for September delivery increased by 0.7 percent at $76.37 a barrel.
    A statement by the Organization of "OPEC", last Thursday, stated that the 31st meeting of the Joint Monitoring Committee, and the meeting of the 18th Ministerial Committee [You must be registered and logged in to see this link.] , were postponed by [You must be registered and logged in to see this link.]
    Yesterday, the oil ministers of the “OPEC +” group decided to postpone the eighteenth ministerial meeting of the group for the second time until [You must be registered and logged in to see this link.]
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