Parliamentary oil: extra 300 000 barrels per day will be issued to increase imports

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - of the Commission on oil and energy parliamentary said, he has to discuss finding a paragraph within the 2016 budget, to increase the amount of oil exported size of $ 300 000 barrels per day in order to increase the financial revenues to fill part of the budget deficit.

She said committee member Kawa Muhammad's (IMN) that "the quantities exported oil in the current period You can not bridge the budget deficit and meet the needs of lower oil prices where it was agreed and within budget law to increase those amounts the size of 300 000 barrels per day to fill part of the budget deficit and to provide additional funds".

He explained that "this increase will stick to the Ministry of oil exported abroad a day that is, they will support oil imports and increase the volume of production in the sense that Iraq exported daily approximately 3 1.7 million barrels per day will be added increase of $ 300 000 to be four million barrels per day."

He pointed out that "the increase of export will help to increase the financial resources and will reduce the budget deficit."

And was a member of the parliamentary finance committee Faleh force said that his committee discussed with the Finance Minister, Hoshyar Zebari, the day of the general budget of the country and the possibility of reducing the deficit, adding that the members of the Committee have made several proposals to address the fiscal deficit ratio to become less than 25 trillion and even be realistic, and noting that the Minister of Finance was He has explained that there is an intention of the ministry of foreign borrowing, and it's been discussed for a mechanism to borrow and banks are willing to lend to Iraq and how to pay.