Iraqi Kurdistan oil ministry refutes MP, says $2bn in oil sold since June 10/7/2015
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Thread: Iraqi Kurdistan oil ministry refutes MP, says $2bn in oil sold since June 10/7/2015


    
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    Iraqi Kurdistan oil ministry refutes MP, says $2bn in oil sold since June 10/7/2015

    Iraqi Kurdistan oil ministry refutes MP, says $2bn in oil sold since June



    ERBIL-Hewler, Kurdistan region ‘Iraq’,—
    Iraqi Kurdistan region’s Ministry of Natural Resources announced Tuesday it had exported over 66 million barrels of oil per day (bpd) from June to end of September 2015 and received just over $2 billion directly into its account at the Kurdistan International Bank in Erbil.

    The statement rejected claims made by a Kurdish lawmaker who told Rudaw earlier that the ministry had received $3 billion for the same period. Izzat Sabir, the member of Kurdistan’s parliament, told Rudaw on Sunday the Ministry of Natural Resources had received over $3 billion and could solve the economic crisis “if it had the will.”

    The ministry has strongly refuted Sabir’s claims and says the lawmaker should either apologize to the ministry or face a lawsuit for “false allegations.”

    Many Kurdish politicians and Observers believe that many of the oil industry projects in Iraqi Kurdistan are conducted in a non-transparent way.

    Some have even described them as secretive. The Minister of Natural Resources (MNR) Ashti Hawrami routinely accused of corruption by observers, Kurdish officials and Kurdish media. According to analysts one of the most sensitive subjects is the Barzanis’ involvement in the economy of the rich oil region. Barzani family has long been the dominant force in Kurdish politics, holding various top positions in the regional government.

    The wrangling between parliament and the ministry comes as hundreds of teachers have taken to streets to protests against delayed wages. The Kurdistan Regional Government has struggled to pay its employees in the past year due to plummeting oil prices, a refugee influx and the ongoing war with IS along its borders. Some 80,000 Kurdish soldiers have been involved in the fight along a 1,700-km-long border with the militants, burdening the KRG with heavy expenses.


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    Last edited by Doodle Brain; 10-08-2015 at 01:55 PM.



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