Sunday 24 February 2013
Minister of Planning and Development Cooperation Ali Shukri said Iraq and the World Bank will sign during a period of close partnership agreement between the two sides, noting that the agreement will oblige Iraq determine the price of oil was in the budget. (more…)
According to the Reuters news agency that is expected to grow GDP in Iraq by 33% over the next three years.
The agency reported in its publication and seen by / Baghdadiya News / word to the appearance of Mohammed Saleh, deputy governor of the central bank “that the annual rate of increase would be 10% over the next three years through increased oil revenues.” Adding “not for oil, in my opinion, the GDP will not exceed 4.5 percent, but the oil sector accounts for 60% of the Iraqi economy.” (more…)
Member of the Committee criticized the Economy and Investment Abdul-Hussein al-Husseini Resan government not to take any actions to address the problem of unilateral economy in the country, which depends entirely on oil imports.
Husseini said in a press statement received (justice) a copy of it on Tuesday that “low oil prices in global markets may impact negatively on Iraq and was one of the effects is a supplementary budget of the country after we expected it would be times the amount which was announced in early July, which was more than {10} trillions of Iraqi dinars. (more…)
Date: 2012-08-14 10: 16: 19-Tuesday
Baghdad (News) …Member of the Committee criticized the economy and investment Deputy from the Liberal/block/Abdul Hussein Al-Husseini, Government ressan for not taking any action to address the problem of one-sided economy in the country, which relies totally on oil imports. (more…)
Tuesday, July 31, 2012 16:38
Baghdad {: News} Euphrates parliamentary sources said that the Iraqi government calculated price of a barrel of oil in the supplementary budget on the basis of $ 111 per barrel, a price much higher than the price that was calculated in the general budget of $ 86 dollars. (more…)
ERBIL, July 31 (AKnews) – A member of Iraq’s parliamentary oil and gas committee announced that members do not know when the committee and legal committee will meet to choose one of the three draft oil and gas laws sent to parliament.
Farhad Atrushi said: “There was a suggestion for the oil and gas and legal committees to hold a meeting on Wednesday to choose one of the three oil and gas drafts but the meeting was postponed and we don’t know when we will meet to start a discussion about the draft. (more…)
Date: Monday, 09-07-2012 01: 05 pm
Baghdad (News) … Ibrahim Al-Mashhadani confirmed Economist, that the continuing low oil prices will Add Newimpact directly on the State budget and would cause a significant deficit.
He said Al-Mashhadani (Agency alakhbarihllanbaa) Monday: continuing low oil prices will lead to Government austerity policy to resort to considerable harm to the poor in society. (more…)
Posted 05/07/2012 04:05 AM
Warned the decision of the parliamentary Economic Committee, Khalil Mahma, a setback in the Iraqi economy due to lower world oil prices. (more…)
07/04/2012
BAGHDAD / JD / .. Reduced and the oil ministry of the concerns raised by the parliamentary committees on lower oil prices, stressing that prices are still above the estimates of the numbers of the budget.
He said the ministry spokesman Assem Jihad said in a statement to correspondent / JD /: no need for concerns raised here and there, adding that oil prices are still above the minimum limits set by the ministry during the preparation of the budget, amounting to $ 82 a barrel. (more…)
Warned a member of the Commission on oil and energy parliamentary Susan Saad government economic disaster the country has suffered as a result of continued low oil prices in world markets, especially as it represents the sole supplier of the general budget of the state. (more…)
Date: Friday, 18-05-2012 08: 52 am
Baghdad (newsletter) … Economic researcher predicted mutations star’s quality in oil and energy in Iraq for his large oil reserves, noting that Iraq will take control of oil prices in the future.
He said Star (News News Agency): there is a strong desire by oil-consuming countries, to buy Iraqi oil, with its advantages of high quality oil in Basra in particular established which began producing oil light type, in addition to processing operations more accessible to global markets. (more…)
HOUSTON — If Iran were to follow through with its threat to blockade the Strait of Hormuz, a vital transit route for almost one-fifth of the oil traded globally, the impact would be immediate: Energy analysts say the price of oil would start to soar and could rise 50 percent or more within days.
An Iranian blockade by means of mining, airstrikes or sabotage is logistically well within Tehran’s military capabilities. But despite rising tensions with the West, including a tentative ban on European imports of Iranian oil announced Wednesday, Iran is unlikely to take such hostile action, according to most Middle East political experts
BAGHDAD, Nov. 28 (AKnews) – For its calculation of the 2012 budget, the Iraqi government uses an estimated average price per barrel of crude oil of $95 USD (113,300 IQD).
The government did not follow recommendations of the Finance Committee in the Council of Representatives to consider a lower oil price of $75 USD (89,400 IQD). The Committee had warned last Thursday that a drop of the oil price could negatively affect Iraq’s budget plans. (more…)
Revealed a senior political source from the failure of Hashemite Kingdom of Jordan to pay the price of Iraqi oil imported by Oman at preferential prices, pointing out that the latter argue not to resolve a debt on Baghdad.
The source, who is close to the circles of senior government, that “Iraq has resumed two years ago to provide suffered by 10 thousand barrels of crude oil at preferential rates of not more than $ 30 while the world oil prices exceeded the barrier of $ 100 per barrel. “
Wednesday, 02 October / 2 November 2011 00:00
Criticized the economic expert Ahmed Alabreha fears of lower oil prices in the next year and the deterioration of the economic situation in Iraq as a result of that, saying that “these fears are not groundless.”
Alabreha said in a statement singled out by the agency and all of Iraq [where] the day that oil prices are high and these fears are unfounded because the price of oil is now higher than it was in the previous year. ” (more…)
The economic expert Majid picture, that the government did not provide the right conditions for investment projects (payment on credit), although they strain the budget, calling for the need interest in the problems of infrastructure facing the housing projects.
The Image in a press statement yesterday, “it is necessary to pay attention to the problem of structures tribute to projects housing since the previous years and provide appropriate conditions for the projects payment on credit, although it burdensome for the budget but that the country needs it.
called on the economy and investment parliament to rewrite the budget year (2012), giving priority to investment projects, loaded with political influential people in government to exacerbate the phenomenon of unemployment in Iraq.
A member of the Committee and MP / National Alliance / Abdul Hussein Resan, in statement (of the Agency news) on Saturday: How can the government take (70%) of the budget (2012) to wages and salaries compared to the allocation (30%) of them to balance investment in the country destroyed its infrastructure and deteriorated by the service sectors and the economic vitality and suffer from multiple crises as a result of wars and international conspiracies continuing it.
10/13/2011 8:38 PM
BAGHDAD / Aswat al-Iraq: A member of the Parliamentary Financial Commission regarded the objections of the International Monetary Fund (IMF) on Iraqi 2012 financial allocations as “reasonable,” warning of an economic catastrophe if the oil prices drop.
MP Najeeba Najeeb told Aswat al-Iraq that the objections on the increase of financial allocations to 131 trillion Iraqi dinars are “reasonable,” because the defined ceilings in the economic studies for the budget is 115 trillion Iraqi dinars, based on oil prices of 85 dollars per barrel.
said oil expert Hamza Jeweler that the reason for drop in oil prices due to easing the economic crisis in the United States of America, in addition to the ad continued by the Iraqi Ministry of Oil discovery wells and new oil fields, and expected not to decline more as long as OPEC controls the market well.
Economic expert said on Friday that the transition from centralized economy to a market economy can not be achieved without new legislation in conformity with the freedom of the economy, indicating that the global economic recession will affect the decline in oil prices, which are central in the revenue column of the Iraqi budget.
The economist said on behalf of Jamil Antoine’s “Twilight News” that “the House of Representatives legislation of new laws compatible with the transition from centralized economy to a market economy,” explaining that “no economy can work free without legislation compatible with the freedom of the economy.”
AGHDAD / Aswat al-Iraq: The Iraqi annual budget will be reviewed due to differences on oil prices, a member of the Parliamentary Financial Commission said today.
MP Haitham al-Jubori added that the differences center around the expected price of 85 dollars per barrel, pointing out that the government wanted to set the price at 80 dollars per barrel.
BAGHDAD/TEHRAN: Global oil prices below $90 a barrel would be “difficult” to accept, Iraq’s Deputy Prime Minister for energy said in a sign that a slide in prices is starting to worry some OPEC members.
Brent crude oil dipped below $100 a barrel on Tuesday on growing concern about a Greek debt default and the health of the global economy. Prices have tumbled from a 2011 peak of $127 reached in April.
“Oil prices have slumped to their lowest acceptable levels and it would be really difficult to accept prices below $90,” Iraq’s Hussain Al-Shahristani said.
He said he saw no need for the Organization of the Petroleum Exporting Countries to review its crude output at its next meeting, in December, and no reason at the current time to trim production.
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