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Parliamentary Energy: Iraq's annual revenues will not exceed $ 30 billion annually
Publishing Date: Sun, 31 Jul 2016 9:15:10 | Views: 28
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Publishing Date: Sun, 31 Jul 2016 9:15:10 | Views: 28
Bgdad_abar today
Revealed to the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, Sunday, that Iraq's annual revenues will not exceed $ 30 billion, with the expectation that oil prices do not rise above $ 60 for the next two years, it showed that the country needs to provide petroleum products instead of imports and provide a dry gas to run electric power stations.
Uloum said in an interview with the news agency today that "Iraq's annual revenues will not exceed $ 30 billion, while tailored budget for Iraq in 2016 the price per barrel to $ 45 a barrel and the export of 3.6 million barrels per day," noting that "these percentages have not been achieved so far and therefore there is a genuine deficit and the inability of another added by the descent of oil prices. "
Bahr al-Ulum said, that "prices will remain on the current status of the two-stop shop, and therefore Iraq must employ state of coexistence with oil prices up to 50-60 dollars for the next two years, 2017-2018."
He pointed Bahr al-Ulum that "Iraq needs today to provide oil derivatives, especially gasoline and kerosene Oil and dry gas, which is imported from abroad," he said, adding that "Iraq will continue to import these derivatives with the return expected for the return of four million displaced people to their areas at the end of this year with a stop Baiji refinery. "
He stressed Bahr al-Ulum the need to "support the Basra Gas Company, and continue to invest for the next three years in order to provide half of Iraq's needs of dry gas to run power stations, and therefore, Iraq is necessary to focus on at the present time aspect Altkirra and gaseous," pointing out that "the loans that gets by Iraq currently it can employ some of them in this aspect. "
Oil prices fell gradually in the last quarter of 2014 after it touched US $ 116 a barrel reached in January of 2016 to less than $ 25 per barrel, affecting the general budget for Iraq, which relies 95% in revenues on oil exports.
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Revealed to the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, Sunday, that Iraq's annual revenues will not exceed $ 30 billion, with the expectation that oil prices do not rise above $ 60 for the next two years, it showed that the country needs to provide petroleum products instead of imports and provide a dry gas to run electric power stations.
Uloum said in an interview with the news agency today that "Iraq's annual revenues will not exceed $ 30 billion, while tailored budget for Iraq in 2016 the price per barrel to $ 45 a barrel and the export of 3.6 million barrels per day," noting that "these percentages have not been achieved so far and therefore there is a genuine deficit and the inability of another added by the descent of oil prices. "
Bahr al-Ulum said, that "prices will remain on the current status of the two-stop shop, and therefore Iraq must employ state of coexistence with oil prices up to 50-60 dollars for the next two years, 2017-2018."
He pointed Bahr al-Ulum that "Iraq needs today to provide oil derivatives, especially gasoline and kerosene Oil and dry gas, which is imported from abroad," he said, adding that "Iraq will continue to import these derivatives with the return expected for the return of four million displaced people to their areas at the end of this year with a stop Baiji refinery. "
He stressed Bahr al-Ulum the need to "support the Basra Gas Company, and continue to invest for the next three years in order to provide half of Iraq's needs of dry gas to run power stations, and therefore, Iraq is necessary to focus on at the present time aspect Altkirra and gaseous," pointing out that "the loans that gets by Iraq currently it can employ some of them in this aspect. "
Oil prices fell gradually in the last quarter of 2014 after it touched US $ 116 a barrel reached in January of 2016 to less than $ 25 per barrel, affecting the general budget for Iraq, which relies 95% in revenues on oil exports.
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