Oil Minister Adel Abdul Mahdi, spoke on Tuesday about his ministry's plans for dealing with current and future oil markets, revealing the arrears paid by the ministry for oil companies, also pointed to the payment of other amounts with the beginning of next year. The modern Abdul-Mahdi, not to the press as usual, or to the media specialists in economic affairs and the oil sector, but on the official page on the social networking site Facebook, newspaper of justice to the Supreme Islamic Council, which is run by himself. Abdul-Mahdi said, today, that his ministry paid foreign oil companies nine billion dollars in arrears remaining for 2014 and that it would pay the arrears of 2015 in stages until the beginning of 2016. He wrote the minister, Adel Abdul-Mahdi, that "The oil ministry is studying with foreign oil companies ways to reduce costs and linked to oil prices." Abdul-Mahdi said that "oil exports from southern Iraq of the OPEC member will exceed 2.75 million barrels per day until the end of 2015 and is estimated quantities of the budget for the current year."
The Global companies such as BP and Royal Dutch Shell and Exxon Mobil, Eni and Lukoil in Iraq's southern oil fields under contracts service you get out on the fixed fee-for-dollar production.
This means that necessary to repay amounts Crude companies have nearly doubled in the light of the decline in oil prices over the last year.
And the imposition of that system tremendous pressure on the financial situation of Baghdad where he earned sharp decline in the prices of raw since last summer from the sale of oil revenues.
The oil exports from southern Iraq rose in July to a record high of 3.064 million barrels per day, an average of 3.02 million barrels per day in June after Baghdad's decision raw split into two categories are for Basrah Light and heavy Basra to reduce the problems related to quality. And it raised some companies produced after step.
The drop in oil revenues put pressure on Iraq's budget at the time, who is running the war against Islamic militants, the organization of the state, which controls vast tracts of land in the north and west.
SOURCE
This means that necessary to repay amounts Crude companies have nearly doubled in the light of the decline in oil prices over the last year.
And the imposition of that system tremendous pressure on the financial situation of Baghdad where he earned sharp decline in the prices of raw since last summer from the sale of oil revenues.
The oil exports from southern Iraq rose in July to a record high of 3.064 million barrels per day, an average of 3.02 million barrels per day in June after Baghdad's decision raw split into two categories are for Basrah Light and heavy Basra to reduce the problems related to quality. And it raised some companies produced after step.
The drop in oil revenues put pressure on Iraq's budget at the time, who is running the war against Islamic militants, the organization of the state, which controls vast tracts of land in the north and west.
SOURCE