MP: Request Basra to allocate 10% of its proceeds will be discussed next week
Thursday October 13 2016
- 22:55 Announced the Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum, said that the request of the Basra Governorate Council to allocate 10 per cent of the oil produced from the fields revenues within the financial budget for the year coming in 2017 , it will be discussed by the Council of Representatives next week, after parliament received the draft budget of the Government Act Central a few days ago.

Uloum said in a statement to Radio tow, this ratio demanded by the Government of Basra may be the process of disbursement is not easy under an austerity budget this year, despite the fact that Basra deserve employ all the energies to restore what aspires to visual citizen.

With regard to global oil prices, Bahr al-Ulum said that Iraq's oil prices reached $ 38 and a half dollar per barrel after a meeting of the Petroleum Exporting Countries (OPEC) in Algeria , after reducing the production of those countries.

It is said that the head of the Basra Governorate Council, morning Albzona, announced on September 27, 2016 to send a formal letter to the Presidency of the Council of Representatives, for the purpose of allocating a percentage of not less than 10% of the province's oil production revenue to the Government of Basra , instead of $ five amounts and benefits previous years that were not received by the province

And was a member of the parliamentary finance committee Magda Tamimi, revealed to the Mrbd on September 28, 2016 for full support for the demands of the head of the Basra Governorate Council morning Albzona to allocate at least 10 percent of oil production revenues, noting that Basra is the first oil-producing province, as well as for damages suffered in the extraction and export of oil and unfair treatment of the other provinces of Basra deal in terms of budgets and financial allocations .