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[size=52]Parliamentary Oil Committee warns: The region is causing a reduction in Iraqi oil revenues[/size]
- Today 11:12
Information/Baghdad...
Member of the Parliamentary Oil and Natural Resources Committee, Basem Al-Gharibawi, warned today, Wednesday, against the Kurdistan Region continuing to export oil unofficially, noting that this export will reduce oil revenues.
Al-Gharibawi told Al-Maalouma, "The petrodollar revenues of the oil-producing provinces will be directly affected if OPEC reduces Iraq's export share after calculating the quantity exported by the region."
He added, "The region exports oil unofficially, and OPEC considers these quantities as part of Iraq's total export share, and then Iraq will be obligated to reduce its exports through other outlets not affiliated with the region."
He pointed out that "Iraq is facing a real problem in reducing its export share, as this reduction means affecting the oil revenues that the state depends on directly in building the budget, in addition to the fact that the quantities exported through the region do not have their revenues reaching Baghdad." End 25N
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Member of the Parliamentary Oil and Natural Resources Committee, Basem Al-Gharibawi, warned today, Wednesday, against the Kurdistan Region continuing to export oil unofficially, noting that this export will reduce oil revenues.
Al-Gharibawi told Al-Maalouma, "The petrodollar revenues of the oil-producing provinces will be directly affected if OPEC reduces Iraq's export share after calculating the quantity exported by the region."
He added, "The region exports oil unofficially, and OPEC considers these quantities as part of Iraq's total export share, and then Iraq will be obligated to reduce its exports through other outlets not affiliated with the region."
He pointed out that "Iraq is facing a real problem in reducing its export share, as this reduction means affecting the oil revenues that the state depends on directly in building the budget, in addition to the fact that the quantities exported through the region do not have their revenues reaching Baghdad." End 25N
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