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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Budget Law 2017 and OPEC Production Cut Impact

    jedi17
    jedi17
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    Posts : 10738
    Join date : 2013-02-20
    • Post n°1

    Budget Law 2017 and OPEC Production Cut Impact Empty Budget Law 2017 and OPEC Production Cut Impact

    Post by jedi17 Thu 15 Dec 2016, 5:37 pm

    Budget Law 2017 and OPEC Production Cut Impact

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    December 15, 2016 in [You must be registered and logged in to see this link.]

    By Ahmed Mousa Jiyad. 
    Any opinions expressed are those of the author, and do not necessarily reflect the views of [You must be registered and logged in to see this link.].
    Budget Law 2017 and OPEC Production Cut Impact – Preliminary Remarks

    On 7 December, the Iraqi Parliament passed Budget Law 2017 by a majority voting with 186 attendances, before the House went into a month recess.
    The passing of the Law was immediately condemned severely by the Barzani bloc, though it was supported by other Kurdish groups; indicating a new phase of political reality in the Kurdish region and doubtful compliance of KRG to budget provisions.
    Some skeptics (among parliamentarians) considered budget debate nothing but early-election rhetoric; others think the draft does not deserve even the “ink it was written by” and others question the “integrity and accuracy” of some provisions of the law itself.
    In the meantime, the apparent failure of Iraq during the recent OPEC meeting could increase the economic burden, of passivism and mentality of secrecy that dominate the Ministry of Oil, estimated to $3.1 billion during  first half of 2017 one side and by making revenue side of 2017 budget highly susceptive to multiple sources of uncertainty.
    Thus, international oil prices has to be at least $54.73/ b for Iraq to attain a breakeven price of $46.6/b on its oil export revenues to accommodate the impact of oil production cut. Hence, both Iraq (by conceding) and IMF (by imposing) took a gamble by adopting $42/b. Time will tell!
    Please [You must be registered and logged in to see this link.].
    Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: [You must be registered and logged in to see this link.], Skype ID: Ahmed Mousa Jiyad). Read more of [You must be registered and logged in to see this link.].
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