Adviser Ebadi: The objective in the budget in 2015 to export 3.4 million b / d

[yota691]

Adviser Ebadi: The objective in the budget in 2015 to export 3.4 million b / d

SUNDAY, DECEMBER 14 1 / DECEMBER 2014 10:59 SHAFAQ-B

 

• •  

Twilight News / appearance of Mohammed Saleh said the prime minister for economic affairs adviser, on Sunday, said that the goal of the federal government within the budget of 2015 is to reach the level of the export of 3.4 million b / d to compensate for the decline of oil prices in international markets.

Saleh said "Twilight News" that "the government's plan is to reach the export amounts of oil that have been identified in the 2014 budget, a 3.4 million b / d, to take us to export this amount will offset the decline in oil prices."

Saleh added, "step down oil prices is not the government's ability to prepare the draft budget, and unless this gets as the budget in the final stages, as well as the next budget is a war budget because priority to end the presence of Daash."

The Prime Minister said Haider al-Abadi said the budget for 2015 will be ready before the House of Representatives during the next ten days after reconsider some of the doors of the exchange to reduce consumer spending due to the drop in oil prices in world markets.

It is noteworthy that the Organization of Petroleum Exporting Countries decided on November 27, 2014 to keep the oil production ceiling without increasing despite the continuing decline in oil prices in global markets.

 

[sandfly]

THANKS

[yota691]

Iraq is about to raise its exports to 3.4 million barrels per day to compensate for the sudden drop of oil prices

 BAGHDAD - Iraq Press - December 14 / December: With OPEC in November 27, 2014 decided to maintain the oil production ceiling without increasing despite the continuing decline of oil prices in international markets, well-informed sources said that the Iraqi government is seeking within the budget of 2015 the export of 3.4 million barrels of oil per day to compensate for the sudden drop in oil prices in global markets.

 

 

 

The Advisor to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, on Sunday, said that "the government's plan is to reach the export amounts of oil that have been identified in the 2014 budget, a 3.4 million barrels a day that we came to export this amount will offset the decline in oil prices."

 

 

 

 

 He pointed out that "the prime minister, Haider Abadi, announced that the 2015 budget will be ready before the House of Representatives during the next ten days after reconsider some of the doors of the exchange to reduce consumer spending due to the drop in oil prices in world markets." Admiral ended 

[Mammaw]

Wow, sounds like a lot of oil. Makes you wonder if this might assist in pushing the prices down even further. At this rate USA drillers will start laying over the rigs and that might help some with the flood of oil on the market, but people will see how much it is going to affect the economy here in the USA. IMO

[Laid Back]

I think iraq budget is based on oil price of $70 per barrel

$70 x 3.4 Mbps = $ 238 millions per day

238 millions x 30 days = $7.14 billions a month.

$85.680.000.000.00 billions a year.!!

Keep pumping oil to cover de deficit

Go Iraq, Go dinar, Go strong

[ametad]

Forecasted 2015 Global Demand is 93.3 Million Barrels Per Day. If Iraq produces 3.4 Million Barrels Per Day it only accounts for 3.4 percent of Global Demand.

[RicknSaudi]

Wow! Whatever company makes those metal.. Drummy.. Things has good job security!

[yota691]

add this...

 

Oil Minister of Basra : exports from fields of Kirkuk and Kurdistan will reduce the budget deficit

 

Wednesday, 17 December 2014 13:23

 

 

 

 

 

 

 

Alsumaria News / Basra 
Oil Minister Adel Abdul Mahdi, on Wednesday, said the ministry plans to increase Iraq's oil exports in the next few months, indicating that exports from the fields of Kirkuk and Kurdistan will reduce the budget deficit. , said Abdul-Mahdi, at a news conference upon his arrival at the Rumaila province of Basra , and attended "Alsumaria News", "The increase in oil production will contribute to ease the budget deficit in 2015," noting that "exports will rise in the next few months, and will increase 550 000 barrels per day of Kirkuk and the Kurdistan oil.

 

He said Abdul-Mahdi said "it is an important factor in reducing the deficit," he said, adding that "there is progress in the Rumaila field in Basra areas of oil extraction and update facilities and human resource development." He emphasized Oil Minister Adel Abdul-Mahdi, earlier that Iraq is seeking to increase production of oil in 2015, and as pointed out that enterprises need to investment giants, stressed the need of Petroleum Exporting Countries commitment at a specific price and support crude prices declining. It is said that Oil Minister Adel Abdul-Mahdi arrived Wednesday morning (December 17, 2014) to Basra province.