سیاسة

rss

كوردســتانيات

أمـن

مجتـمع

أخرى

اقتصـاد

عربي ودولي

القسم الفيلي

ريـاضة

منوعـات

فيديو

تقارير وتحليلات

مقـالات

كل الاخبار

Iraq's oil minister: KRG mismanages the oil wealth

Category: Economy

Date: 2022-05-07T19:28:42+0000
Iraq's oil minister: KRG mismanages the oil wealth

Shafaq News/ Iraq's Minister of Oil, Ihsan Abdul-Jabbar Ismail, dismissed the Kurdistan Regional Government's management of the oil wealth as "faulty" and wasteful of the Iraqi treasury resources.

Ismail's remarks came during the fourth meeting of the opinion commission on the Supreme Federal Court's ruling against the KRG's oil and gas law, Saturday.

"It is erroneous to have the production costs equivalent to 50% of the price at which the KRG sells the oil. Such difference is wrong. It is also wrong to sell oil with a price that is remarkably below the price set by the state oil marketer, SOMO," the Minister said, "the income the treasury yields is only 50% of its value."

"All the countries in the world have a united oil policy; none has two," he continued, "we have noted the downsides of this issue when dealing with OPEC's restrictions. Iraq did not meet the limit it set because KRG failed to commit."

"It is obvious that the oil policy in Iraq is incomplete. The current situation should not persist. The oil file shall be run with a single comprehensive mentality," he concluded.

related

Oil rises on strong factory activity

Date: 2020-09-01 20:34:46
 Oil rises on strong factory activity

Oil futures climb as supply concerns linger

Date: 2022-03-24 06:26:16
Oil futures climb as supply concerns linger

India's June oil imports hit their lowest in 9 months

Date: 2021-07-17 09:13:50
India's June oil imports hit their lowest in 9 months

Baghdad is proceeding to sell 48 million Oil barrels to China by prepayment deal

Date: 2020-12-16 06:01:00
Baghdad is proceeding to sell 48 million Oil barrels to China by prepayment deal

US crude futures drop by 12%

Date: 2020-04-27 09:59:30
US crude futures drop by 12%

OPEC+ rebuffs U.S. calls for speedier oil output increases

Date: 2021-11-04 16:36:30
OPEC+ rebuffs U.S. calls for speedier oil output increases

Oil prices Climbs with Saudi Aramco Seeing Demand Recovery Continuing

Date: 2020-08-10 06:46:12
Oil prices Climbs with Saudi Aramco Seeing Demand Recovery Continuing

The Ministry of Oil issues SOMO statistics for September 

Date: 2021-10-01 14:55:10
The Ministry of Oil issues SOMO statistics for September