The Oil Ministry has provided billions of dollars to the state treasury
The Oil Ministry has provided billions of dollars to the state treasury
2001 2016
It revealed the Ministry of Oil for reducing a large part of expenses and entitlements own the shares in the provision of billions of dollars to the state treasury, asserting that the decline in oil prices led to a negative impact on all the producing countries, in particular, which are production costs which approach current prices.
Reduce expenses and entitlements
Oil Minister Adel Abdul-Mahdi between in an exclusive interview with "morning", after chairing a meeting of the leaders of the ministry and companies specialized extraction operations, said the meeting which was attended by ministry leaders at all levels of planning, executive and field, which included several points, the most important review of development and production plan for the current year, In addition to corporate receivables.
He described the outcome of the meeting quite as good, adding that he has a lot of benefits and expenses to reduce the rates of close to two years, 2012 and 2013, after the receivables moving towards large ascending, noting that he has been through this work provide billions of dollars.
Ambitious action programs
He said Abdul-Mahdi, to the continuation of his ministry to review all the details related with foreign companies for the development of production and the capacity to work in the ministry companies, noting that the ministry touched possesses rich experience which is detected a lot of strengths that have been strengthened in trading coupled with a negative points are
Work to overcome them.
He stressed that this is a very important meeting and are held on a regular basis, pointing out that he has from which discuss the status of the ministry's relationship with the provinces, in addition to matters related to this topic, as well as discuss your training and rehabilitation of oil and other Palmlakat situation.
Crude prices boggling
Oil Minister promised crude prices boggling, large and facts, explaining that science anticipation economy, science is fraught with great Baanmagliat how the oil and is at a crossroads regarding its production technologies and everything is changing and its relationship to rates of growth of the consuming countries and the global economy and rates of production and new technologies, adding that the entry of oil Iran today and before shale oil as well as the US, all of that is crude prices.