The economist, Safwan Qusai, called for a re-evaluation of the cost of oil production in Kurdistan under the supervision of an international auditing company.
The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram. To subscribe, click here
Safwan told {For the Euphrates News} that he said: “With the arrival of the budget tables by the government, the Presidency of Parliament is supposed to task the Finance Committee with studying them in order to approve them faster to avoid the agreement in 2025.”
He added, “There is an urgent need to return the cost of producing a barrel of oil from the fields of the Kurdistan Region and raise this figure under the supervision of an international auditing company to $ 16 or in proportion to this cost and that the region undertakes to deliver more than 400,000 barrels to SOMO Company.”
Safwan pointed to “the amendment of the article on the export of Kurdistan oil guaranteed a cost increase of $6 at the level of all oil fields in Iraq, and this rate can be reduced in some governorates to two dollars and the transfer can be strengthened for the purpose of financing $16 from the Ministry of Finance to the region.”
He continued, “There is a desire on the part of China next year to double its total production in the sense that we expect to increase Iraqi oil consumption, which may give importance to increasing the value, thus the possibility of canceling voluntary reductions by OPEC and returning the Iraqi oil pumping to its normal production rates of 4 million and 500 thousand barrels of oil per day.”
With regard to the industrial city project in Basra, Safwan explained, “After the completion of the census, we have a clear map of the deficit in residential units for at least two colors and 500,000 housing units are supposed to be established. The demand for iron will rise with the existence of service projects and the need to establish a system of trains.”
He stressed “the need to develop the steel iron industry in Iraq to move to the steel industry and create an economic partnership with companies based on iron and steel, whether in the housing sector, cars and the rest of the iron products,” adding, economic diversification “an important step planned by the government to rehabilitate the private sector, which suffers a lot.”
Regarding the fluctuation of dollar prices and their impact on citizens, Safwan said that “there are still ambitions on the part of the Central Bank of Iraq to modernize banking systems and involve as many banks as possible in the process of financing foreign trade by re-esysttling them and linking them to the system of international correspondents; but these efforts alone will not be able to control the exchange rate. We need to invest in technology at border ports.”
Wafaa Al-Fatlawi
https://alforatnews.iq/news/دعوة-لإعادة-تقييم-كلفة-إنتاج-النفط-في-كردستان-بإشراف-شركة-تدقيق-دولية
No comments:
Post a Comment