Iraq sells barrel less than the market for $ 8

by **Ponee** Sun Jan 03, 2016 8:28 am

A member of the Committee on Energy and Oil parliamentary Aziz Kazim, Sunday, that Iraq is selling oil at a price lower than the market prices and the difference of $ 8, while noting that Iraq exported 3.0002 million barrels of oil a day.

Kazim said L / scales News /, that "the price of a barrel of oil in the budget approved dollars with 45 per barrel, but now oil is sold at a price of approximately $ 37," adding that "Iraq sells oil barrel price of $ 28 and a difference of less than market $ 8."

He added that "24 trillion deficit in the budget and in all Iraq faces a deficit because of oil prices and the quantity produced," pointing out that "the quantity exported is not sufficient, considering that Iraq exported 3.6 million barrels per day and now exported 3.0002 million barrels, or less."

He pointed out, "It will be cut allocated to the Kurdistan region in the absence of the amounts exported 550 000 barrels per day," likely that "improved oil prices and growing demand for it"

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