Bahr al-Ulum: export rates are high by speculation budget 2016

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - said the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, Thursday, that the figures adopted by the Ministry of Finance of the rates of export of oil in the draft budget for 2016 is high that, adding that he can not build on steady export rates under continue the dispute between Baghdad and Erbil.

The Sea of ​​Science's (IMN), that "the price at which adopted a $ 45 per barrel as a number My guess for the sale of oil in the budget of 2016 and realistic and it took into consideration the changes that took place during this year, especially after the adoption of the price of 56 dollars a barrel did not reconcile him access than It increased the budget deficit."

Bahr al-Ulum said that "speculative estimates upon which the 2016 budget quantities of oil exported daily the adoption of a very large 3.6 million barrels daily Ktsidir, including Kirkuk and the Kurdistan region's exports," adding that "the real figure is supposed to be 3.3 million barrels per day."

Bahr al-Ulum said that "the adoption of the 3.3 million barrels of oil a day Ktsidir comes from the experience that we experienced during the current year, as the oil agreement was unsuccessful until now, the construction budget to swing agreement difficult."

Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).

The draft budget also provides for the continuation of the agreement concluded in late 2014 with the Kurdistan region, which stipulates that the Government of the Territory, to export up to 550 thousand barrels per day of oil for the benefit of the Iraqi government in return for the grant of Baghdad to Arbil, 17 percent of the budget payments.