Kurdistan oil does not meet the employees' salaries

Kurdistan oil does not meet the employees' salaries

The new Erbil Arab



July 10, 2016

It announced that the Kurdistan Regional Government, reported a net income from the sale of crude oil worth $ 2.34 billion in the first half of the year 2016. These revenues do not meet the needs of the region to pay its employees and retirees's 1.4 million people are paid salaries of $ 4.38 billion in the six months by $ 730 million a month, according to official data.

The Ministry of Natural Resources in Kurdistan in a statement, I got the "new Arab", a copy of it, that the total quantities exported revenues totaled $ 2.72 billion, was paid $ 374 million for companies producing, while the region's net revenue totaled $ 2.34 billion. The statement added that the region was able to sell about 85 million barrels of crude oil from the production fields, in addition to some fields of Kirkuk province , adjacent to the region, to the buyers directly and independent of the central government in Baghdad over the past six months.

Sven was Daza, a spokesman for the Kurdistan Regional Government , he said in an interview with Reuters on the fourteenth of June last, the Government of the Territory is ready to conclude an agreement with Baghdad on the increase in oil exports, if Erbil pledged to grant a monthly income of one billion dollars. The estimated Iraqi Kurdistan authorities have oil reserves estimated at 40 billion barrels. The territory by foreign oil companies produce about one million barrels per day, divided into export and domestic consumption.

According to the Ministry of Natural Resources, the highest amount of export during the first half of 2016, made in January by about 18 million barrels, to fall to 13 million barrels in February, due to sabotage of export within Turkey tube, then rose to 15 million in April / April, an asymptotic of export volumes in the months of May / May number, and June.

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