Iraq:increasing its oil exports & raising the amount of the deficit offset production
Jamal Muhammadawi: Iraq is increasing its oil exports and raising the amount of the deficit offset production
الأربعاء 19 أغسطس 2015 | 07:28 مساء
BAGHDAD / .. confirmed the Commission on oil and energy parliamentary member Jamal Muhammadawi, Wednesday, that cover the deficit of the budget value is not only through the increase of oil output and quantity exported from him, pointing out that Iraq is to maximize its oil imports.
Said Muhammadawi for "Eye Iraq News", that "currently oil prices are classified within the lowest levels because of the surplus or stockpiling strategic located in consumer countries like the United States and China," adding that "Iraq is to increase production as the fields of Basra export approximately 2.0009 million thousand barrels per day, except the consumer of it internally. "
He added that "to make up for the shortfall due to falling oil prices must increase the amount of oil exported, to achieve the target set budget," explaining that "the budget developed based on the price of 56 dollars a barrel, and by 3.0003 million barrels per day, and thus the increase in production will not affect the prices in the world oil markets. "
In Shan connected, confirmed Muhammadawi, "The motion to question the Minister of Electricity Qassim Fahdawi not submitted by the Commission on oil and energy, but the deputies group have collected signatures for the purpose of interrogation," explaining that "the rules of procedure of the House of Representatives authorizes interrogation MP for any government official, after submission of the application, and raise the questions they wish to put them to the relevant committee. " It e