Kurdistan could cover expenses at the end of the year from the sale of oil revenues

[yota691]

Kurdistan could cover expenses at the end of the year from the sale of oil revenues

TUESDAY, NOVEMBER 1 / OKRUDOLF 28, 2014 13:57 M M P / P P

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Twilight News of the Kurdistan Regional Government of Iraq / said Tuesday that the region's oil export revenues could fill the need for local expenses by the end of this year.

He said government spokesman Sven Dzia in a statement to the local site Basenyoz seen by "Twilight News" that the region continues to export oil from the fields to world markets.

He predicted that exports exceed 400 thousand barrels per day by the end of the year of 250 thousand barrels per day at the present time.

He pointed out that the sale Dzia oil revenues will cover a lot of government spending, both with regard to the salary or the budget in general.

The region suffers from a financial crisis after the federal government cut its share of the state budget due to disagreements on the export of Kurdish oil.

Sources in the oil industry officials Monday that the Kurdistan Region plans to increase pipeline capacity extends to Turkey to 700 thousand barrels per day after the development work.

Kurdistan Regional Government went ahead with the expansion of the oil pumping energy plans, ignoring opposition from Baghdad to do the region to export oil.

And began the line that connects the port of Ceyhan region at the beginning of this year to run which angered the federal government in Baghdad, which says it is the sole owner of the management authority of the Iraqi oil.

And describe the Baghdad oil shipments from the region as illegal and resorted to US courts to prevent the unloading tanker off the coast of Texas earlier this year.

She says that the government of Kurdistan Iraqi constitution allows it to export such shipments.

Turkish officials said that it was exported 19.2 million barrels of oil through the port of Ceyhan was deposited about 400 million dollars in the bank of the Turkish government's creation of the proceeds of the sale.

 

[SocalDinar]

Pump it up Iraq! Good article