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Bahr al-Ulum warns of economic disaster due to suspension of the Baiji refinery
BAGHDAD / JD / .. warned the National Alliance MP and former oil minister Ibrahim Bahr al-Ulum of consequential economic disaster due to the Baiji refinery stopped working, while noting the low oil production to 2.5 million barrels after a stop line Kirkuk - Ceyhan.
Said Bahr al-Ulum told / JD /: that Iraq in general is facing a real problem and an economic catastrophe stemming due to stop the Baiji refinery for work and which is produced almost, accounted for 40-45% of the needs of oil derivatives, in addition to supplying power plants with fuel .
He continued: stop the Baiji refinery will push Iraq to increase import of derivatives and Aelloukd needed by the citizen.
He pointed to the decline in oil production and its impact on state revenues, noting that the city of Kirkuk was involved in Iraq's exports by about 250-300 thousand barrels per day, but after the stop line Kirkuk - Ceyhan since last March, affected state revenues significantly.
He explained: revenue is supposed to be three million barrels per day, but the percentage dropped to 2.5 million barrels, alluding to the need for Iraq to think seriously and find multiple ports and not just rely on a single port, a port of Basra across the Gulf.
The Ministry of Oil has announced the exported quantities of crude oil and the revenue generated for the month of July according to the statistical final issued by the Iraqi Oil Marketing Company "Sumo," where the total amount of oil exports (75.7) Seventy-five million seven hundred thousand barrels Baardat amounted to (7,742 seven billion, seven hundred and two and forty million (dollars. / Finished / branches to improve /
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BAGHDAD / JD / .. warned the National Alliance MP and former oil minister Ibrahim Bahr al-Ulum of consequential economic disaster due to the Baiji refinery stopped working, while noting the low oil production to 2.5 million barrels after a stop line Kirkuk - Ceyhan.
Said Bahr al-Ulum told / JD /: that Iraq in general is facing a real problem and an economic catastrophe stemming due to stop the Baiji refinery for work and which is produced almost, accounted for 40-45% of the needs of oil derivatives, in addition to supplying power plants with fuel .
He continued: stop the Baiji refinery will push Iraq to increase import of derivatives and Aelloukd needed by the citizen.
He pointed to the decline in oil production and its impact on state revenues, noting that the city of Kirkuk was involved in Iraq's exports by about 250-300 thousand barrels per day, but after the stop line Kirkuk - Ceyhan since last March, affected state revenues significantly.
He explained: revenue is supposed to be three million barrels per day, but the percentage dropped to 2.5 million barrels, alluding to the need for Iraq to think seriously and find multiple ports and not just rely on a single port, a port of Basra across the Gulf.
The Ministry of Oil has announced the exported quantities of crude oil and the revenue generated for the month of July according to the statistical final issued by the Iraqi Oil Marketing Company "Sumo," where the total amount of oil exports (75.7) Seventy-five million seven hundred thousand barrels Baardat amounted to (7,742 seven billion, seven hundred and two and forty million (dollars. / Finished / branches to improve /
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