Parliament is discussing with the Energy and Oil Minister tomorrow exports and licensing rounds
announced the Commission on oil and energy parliamentary member Jamal Muhammadawi, the determination of his committee to host the oil minister Adel Abdul Mahdi, on Monday to discuss the amount of oil exported and the prices and the mechanism that is built on the basis of which the state budget for next year 2016.
He said Muhammadawi in a statement to his press office today, the agency received all of Iraq [where] a copy of it, that "the Commission will discuss with the oil minister two topics are important, both oil prices and the budget and rounds of oil licensing."
He added, "The Energy Committee will focus on the subject of oil licensing rounds and will be prompted Minister to provide a full explanation for these tours and how to be settled, as well as the ministry plans to increase the production and the challenges facing the oil prices globally.
"It is said that the Cabinet approved at its special session today, the draft federal budget for fiscal year 2016 Act, in the amount of 106 trillion dinars, and a deficit estimated with 23 Trliuna.
The Ministry of Finance estimated the average oil price in the 2016 budget to $ 45, and the export of 3.6 million barrels per day, as pointed out that budget revenues will amount to more than 84 thousand trillion and 73 billion Danar.anthy