Parliament: No intention to undermine salaries through 2016 .. The increase in oil production would ease our financial crisis

2016-01-09 00:01:00 | (Voice of Iraq) - Baghdad

Parliamentarians stressed there is a consensus to keep the salaries of employees and retirees for the Department of the effects of the financial crisis that has plagued Iraq. And talked about the government's ability to pay salaries, contrary to recently traded.

House of Representatives urged the government to reconsider the rounds of licenses and expand the tax collection of the mobile phone companies circle, and means of audio-visual media, as well as the issuance of Treasury Bills and resort to domestic borrowing, as solutions possible to alleviate the financial crisis.

And revealed to the Parliamentary Committee on Energy for oil projects would raise our oil production to 4 million barrels a day this year.

The House passed last month, the budget in 20126 by 105 trillion and 800 billion dinars, and an estimated deficit of 29 trillion dinars.

The budget revenues accounted for on the basis of $ 45 per barrel. Oil prices continued to tumble reached, the end of this week, the range of $ 33.8, the lowest level of achievement for prices for 12 years. International institutions does not exclude the fall in oil prices to below $ 30.

And cause the collapse of oil prices, a financial crisis crippling the Iraqi government, which says it will face serious problems in 2016. The news leaked out about the intention of the government to reduce the 30% of the salaries of its employees under "forced savings".

But MP Nazem al-Saadi, chairman of the parliamentary services, confirms "the keenness of the parliament and government not to touch the salaries of employees and retirees in the current year."

He pointed Saadi, during an interview with the (range), "there was to overcome the financial crisis-oriented solutions to the issuance of treasury bonds and internal borrowing as well as increased oil production to ease the financial crisis."

The chairman of the parliamentary services that "Our data prove not to prejudice the salaries of employees and retirees for 2016", calling on the government to "obtain the amounts owed by the mobile phone companies as well as other benefits to the CMC."

The attention of the Attorney Nazim al-Saadi that "the amounts of the mobile phone companies up to 600 billion dinars, in addition to 34 billion dinars Kmbalg consequential subscription at the disposal of radio stations and satellite channels that the duty of the CMC are levied."

Iraq and betting on raising the export capacity of oil, but faces pressure is another entitlement foreign oil companies that exceed $ 15 billion.

Says MP Ali Qubool Bahadli, Deputy Chairman of the Parliamentary Commission on oil and energy, that "the general budget was built on the basis of export volumes of oil up to 3.6 million barrels per day, spread over the central and southern provinces of fields is president."

And it includes the 2016 export balance 550 000 barrels per day, of which 250 000 barrels of the Kurdistan region, and 300 000 barrels of Kirkuk oilfields.

He Bahadli, told the (range), that "the oil sector are managed by the Federal Oil Ministry, which is in need of support in order to provide the necessary funds global oil companies," asserting that "The oil ministry is able to store large quantities of oil and process and then sell them. "

And the real reasons behind the continued decline in oil prices in world markets, and which cast a shadow on the Iraqi economy, a member of the National Alliance, explains that "the global oil market is controlled by both the United States and Saudi Arabia also started up oil production to 10 million barrels per day and exports of 7 - 8 million barrels per day. "

In the opinion of the parliamentary energy committee member, he said "Iraq negotiating with Saudi Arabia within OPEC to reduce oil production to increase oil prices on the world markets."

And about the concerns of the government's inability to pay salaries to its employees during the current year, Bahadli stresses that "the government will be able in the second quarter of this year to pay employees and retirees' salaries despite these economic consequences," adding that "Iraq has a large production of oil can from offset falling oil prices. "

MP Ali al-Bahadli says that "The oil ministry depends primarily on the production of licensing rounds which operates a large smoothly in order to raise Iraq's production companies, in the next few periods, to 4 million barrels of oil a day," pointing to "the presence of oil projects will enter service in the province of Maysan that will help to overcome the current crisis. "

And oblige the Iraqi government licensing rounds to take the approval of contracts for international oil companies to increase production capacity of crude oil.

And reveals Bahadli for "a plan to the Federal Ministry of Oil to re-examine licensing rounds contracts with international companies in order to reduce production costs or deferred for subsequent years at the very least."

In the meantime, an economic expert said, "he sees the current crisis is the oil crisis, but not without political backgrounds play a big role in they escalate."

He says Abdullah al-Bandar, told the (range), that "there is an attempt to reduce the price of oil as well as oil production even for some of the OPEC countries, and encourage the production of oil shale in the United States."

He believed that "the intention behind these attempts is to control the decisions of some emerging governments that want the advancement of their economies."

And demanding the government put al-Bandar bumpers to this crisis, which is expected to escalate during the first half of this year. He favored the continuous and substantial decline in oil prices in global markets, which in turn will affect the growth of the world economy occurs.

Of Mohammad Sabah