Bahr al-Ulum: Kurdistan oil will be 10% of budget revenues in 2015

06/12/2014




BAGHDAD / JD / .. expectation Ibrahim Bahr al-Ulum member of the Commission on oil and energy parliamentary and former Secretary of oil, to form the Kurdistan oil exports 10% of the size of the total revenue for the budget in 2015, especially after the recent agreement between the governments of the center and the region, while noting that oil exports will exceed The three million barrels per day over the next year.

He said Bahr al-Ulum told / BD /: "The recent agreement that took place between the Governments of the Kurdistan region and the Federal regarding oil provides for the export of the region 250 000 barrels per day and revenues due to the central government, which Seychelles up to 10% of the federal budget for 2015 revenues."

He added: "The initial estimates suggest that the North Oil exports (Kirkuk and the Kurdistan region) will amount to 550 000 barrels per day, while the South Oil and the Middle and the center will have two million and 750 thousand barrels per day, The total oil exports in 2015 would be between 3 million and (150) thousand barrels to 3 million and 250 thousand barrels per day, and this is what will cover a large part of the 2015 budget expenses ".


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