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[size=36]Iraq achieves a "surplus" of oil revenues[/size]
Economie| 03:40 - 07/04/2022
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Baghdad - Mawazine News
, Oil Minister Ihsan Abdul-Jabbar confirmed, on Thursday, the existence of efforts to maximize oil revenues, while noting that there is parliamentary support to enhance Iraq's ability to export the largest amount.
Abdul-Jabbar said, "The ministry has the possibility to secure crude oil exports at a rate of more than 3 million and 300 thousand barrels from the southern outlets."
He explained, "The expected financial returns according to the scenarios presented by international energy agencies and researchers will be in excess of what was approved of the price of a barrel in the budget," expressing his hope "in the ability to provide revenues in the appropriate amounts in order to meet the necessary need in the field of supporting the poor classes." And the Ministry of Electricity and the fulfillment of its entitlements to its employees, as well as imported fuel and electricity.”
He pointed out, "The ministry's endeavor to maximize revenues in the fastest way in a manner that maintains the stability of the energy market and Iraq's share in the global market," noting that "the Chairman of the Finance Committee Hassan Al-Kaabi and a number of deputies are supportive of these data in order to enhance Iraq's ability to export the largest amount of oil and strengthen its position." real energy market.
Abdul-Jabbar expressed his optimism about the continuation of the rates of increase in oil prices by the end of this year
, Oil Minister Ihsan Abdul-Jabbar confirmed, on Thursday, the existence of efforts to maximize oil revenues, while noting that there is parliamentary support to enhance Iraq's ability to export the largest amount.
Abdul-Jabbar said, "The ministry has the possibility to secure crude oil exports at a rate of more than 3 million and 300 thousand barrels from the southern outlets."
He explained, "The expected financial returns according to the scenarios presented by international energy agencies and researchers will be in excess of what was approved of the price of a barrel in the budget," expressing his hope "in the ability to provide revenues in the appropriate amounts in order to meet the necessary need in the field of supporting the poor classes." And the Ministry of Electricity and the fulfillment of its entitlements to its employees, as well as imported fuel and electricity.”
He pointed out, "The ministry's endeavor to maximize revenues in the fastest way in a manner that maintains the stability of the energy market and Iraq's share in the global market," noting that "the Chairman of the Finance Committee Hassan Al-Kaabi and a number of deputies are supportive of these data in order to enhance Iraq's ability to export the largest amount of oil and strengthen its position." real energy market.
Abdul-Jabbar expressed his optimism about the continuation of the rates of increase in oil prices by the end of this year
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