Parliamentary Finance: $ 15 a barrel of oil surplus from the price determined by the budget law

EconomyIraqi Council of RepresentativesbreakingOil pricesBudget law 2021-05-15 10:33A-AA +

Shafaq News / The Parliamentary Finance Committee revealed, on Saturday, that there is a surplus in the price of a barrel of oil calculated in the General Budget Law for the current year.

Committee member Jamal Cougar told Shafaq News; “Oil prices are close to $ 65 per barrel, but the price calculated in the budget law for the current year is $ 45.”

He added that “the surplus in oil prices is about $ 15 per barrel,” noting that “this money goes to oil expenditures, including service contracts and licensing rounds, which are estimated at 16 trillion dinars.”

And Couger said, “The net remainder of a barrel of oil is $ 45, which is actually calculated in the budget law.”

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Because the budget was not sent … a technical delegation from the region visits Baghdad after the Eid holiday

  •  Time: 05/15/2021 14:51:03 
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Because the budget was not sent ... a technical delegation from the region visits Baghdad after the Eid holiday

{Economic: Al Furat News} The Parliamentary Finance Committee confirmed today, Saturday, that the federal government did not send the Kurdistan Region’s share of the budget due to a technical problem. It is likely that the Kurdistan Regional Government will send a technical delegation to Baghdad to agree on several issues. 

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Representative Shirwan Mirza, a member of the Parliamentary Finance Committee, said in a press statement that “the region’s share of the federal budget has not yet been sent due to a technical problem,” noting that “finding a mechanism to implement Article 11 of the Budget Law for Kurdistan Region’s share lies in sending a technical delegation From the region to visit Baghdad to agree on the mechanism for calculating oil and non-oil resources, how to calculate the region’s share of the budget and the mechanism for sending it.

Mirza suggested that “the technical delegation will visit the federal capital, Baghdad after the Eid holiday,” stressing “the need for the regional and federal governments to abide by the agreements concluded between them,” adding: “The meetings between the technical delegation from the Kurdistan Region and Baghdad will determine the funds that Baghdad should have.” Paying it to the region and the revenues that the province must deliver. “

Forgiveness Al-Khalidi

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Iraq surpasses Saudi Arabia with oil exports to America

  •  Time: 05/15/2021 12:43:19 
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Iraq surpasses Saudi Arabia with oil exports to America

{Economic: Al Furat News} The US Energy Information Administration announced, on Saturday, that Iraqi oil exports to the United States have risen to 235 thousand barrels per day, surpassing Saudi Arabia during the past week. 

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“The average US imports of crude oil during the past week from nine countries amounted to 4 million and 640 thousand barrels per day, down by 206 thousand barrels per day from the previous week, which amounted to 4 million and 846 thousand barrels,” the administration said in a report. 
The report pointed out, “The United States imported crude oil from Iraq at a rate of 235 thousand barrels per day, higher than the previous week, which reached an average of 41 thousand barrels per day.” 
He pointed out that “most of America’s oil revenues during the past week came from Canada at a rate of two million and 924 thousand barrels per day, followed by Mexico, whose imports amounted to 434 thousand barrels per day, followed by Colombia, from which imports amounted to 278 thousand barrels per day, and Ecuador at a rate of 257.” One thousand barrels per day. ”
And the US Energy Information Administration report continued that “the amount of imports of crude oil from Saudi Arabia amounted to 224 thousand barrels per day, followed by Nigeria, whose imports amounted to 157 thousand barrels per day, followed by Russia, whose imports amounted to 67 thousand barrels per day, followed by Brazil, which amounted to 157 thousand barrels per day. Imports from them average 64 thousand barrels per day.

Wafa Al-Fatlawi

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Al-Rasheed: Our branches continue to receive customers during Eid Al-Fitr and on Saturday

  •  Time: 05/15/2021 12:05:09 
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Al-Rasheed: Our branches continue to receive customers during Eid Al-Fitr and on Saturday

{Economical: Al Furat News} The Rasheed Bank announced, on Saturday, that its branches will continue to receive its customers during the days of the blessed Eid al-Fitr. 

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“The bank decided to open its branches during the blessed Eid al-Fitr to pay the dues of the outlets and salaries and to receive petroleum products,” the bank’s media office said in a statement.

He added, “The bank will continue to open its doors on Saturday every week to provide banking service.” 

Forgiveness Al-Khalidi

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