The territory refused to deliver oil quantities agreed Centre..!

22:58
2015-08-26

Ministry spokesman Assem Jihad, the oil Wednesday, the territorial Government has reneged on supplying the Centre with half the oil quantities established in the oil agreement signed between the Centre and the territory, stating that the move has increased the federal budget deficit
Jihad said in a press statement, that "the territorial Government declined to provide the Centre with more than half the oil quantities established in the oil agreement signed between the two sides."
"This measure has the liver of the federal budget deficit as a result of the recent adoption of additional oil rents and continuing decline in prices below $ 56 a barrel and the price specified in the budget".
And the effects of the oil agreement signed between the Centre and the wave of convulsions and the differences between the two sides recently as a result of differing interpretations and visions regarding the terms of this agreement.
The Cabinet decided, (2 December 2014), to approve the agreement between Baghdad and the KRG, which stipulates the handover of territory at least 250,000 barrels of oil a day for export to Baghdad, after the Kurdish delegation reached the Presidency of nechirvan Barzani with the Iraqi Government to agree on a share of the territory's budget and export of oil.


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