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Expert: Iraq loses $ 3.5 billion not to exploit the Security Council's decision on oil DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Expert: Iraq loses $ 3.5 billion not to exploit the Security Council's decision on oil

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Expert: Iraq loses $ 3.5 billion not to exploit the Security Council's decision on oil Empty Expert: Iraq loses $ 3.5 billion not to exploit the Security Council's decision on oil

Post by RamblerNash Tue Jun 13, 2017 2:47 am

Expert: Iraq loses $ 3.5 billion not to exploit the Security Council's decision on oil

Expert: Iraq loses $ 3.5 billion not to exploit the Security Council's decision on oil Doc-P-105652-636329394719696382

one hour ago Last updated 09:03 AM

BAGHDAD / Press tomorrow:
revealed economist, Hussein Hinan on Tuesday for Iraq suffered losses estimated at billions of dollars as a result of reduced oil production, while stressing that the government did not take advantage of Security Council resolutions granting freedom to sell oil to compensate for the oil embargo period before 2003.

Said Hinan, for "Tomorrow Press" that "Iraq underwent less than a year to the desire of Saudi Arabia and Iran, Reducing production by 210 000 barrels per day under the pretext of improving the level of prices within the agreement included OPEC countries , " pointing out that " the Iraqi government has abandoned the special status feature granted by the security Council for Iraq to free sale of oil to compensate for the oil embargo period suffered before 2003, as well as the fact that Iraq has become friends close to the United States, and that OPEC has accepted that Iraq is outside the quota (quota). "

He added, "This feature did not get in any state, and states adhere to and not overly including granting them within the international resolutions, while our government donates these decisions without in exchange."

He explained Hinan, "After these concessions have not improved oil prices and caused a loss of Iraq about $ 3.5 billion annually, in addition to the shares of the licensing rounds to receive their money as much as the amount of oil developed regardless of the reduction of the capacity of companies."

He said the "prime minister, Haider al - Abadi, recently criticized the oil minister and director of the company SOMO, Falah al - Amiri, causing the wrong decision," he said . " The minister and director of the company in response to the Prime Minister (we received an order from your Excellency and we are at the OPEC meeting in Vienna ). "

He pointed out that "Iraq outside of OPEC , in practice and must act in its share independently, especially since we are linked to tours licenses Taathacb with us in accordance with the production capacity (Production Capacity) and not at the rate of sale of oil (Sales average), as well as we urgently need to sell as much as possible of the oil grafts errors Grand disastrous fiscal policy followed by the Iraqi government since 2006 and is currently ongoing and the monetary policy of the Central Bank of Iraq ", describing" the Iraqi government 's aggressive government that did not listen to the opinion of Taated days outside of its system. "

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