the oil flows to the region to support the budget
Governments agreed that the region of Kurdistan with the Federal Government in Baghdad to export 100 thousand barrels per day from fields at the beginning of June, the province will contribute to overcoming the fiscal deficit in the current year budget.
This quantity, which will be issued through the fields and Koysanjaq Tauki in the pitter-patter will raise the export of Iraqi crude oil to nearly one million and (950) thousand barrels per day and with the price of a barrel range and the (52 54) dollars to be added the current year budget.
Ministry of natural resources in the Kurdistan regional government revealed that the formal start-up and the export of crude oil will be the beginning of this June, and agreed to export about 60 thousand barrels per day of Tauki field and 40 A of the field Kuysanjaq in Taq Taq, and the barrels will be moved for the transfer of car fuel to Kirkuk including through the pipeline to the Turkish port of Ceyhan.
The imports of crude oil from fields which will be issued Tauki Koysanjaq and go directly to the federal government in Baghdad will be added revenues to the general budget to help cover the deficit, who will support the general budget of the State, the efforts of the Government of the Kurdistan region to benefit from the oil extracted in the region by linking field Tauki Line in Duhok and Kirkuk Ceyhan also work to link the Taq Taq field in Sulaimaniyah line changed the estimates of the Iraqi president in Baghdad, the Federal Government towards the use of such efforts.
The fields of the Kurdistan region's exports estimated at (100) thousand barrels per day for export (60) people from the fields of Tauki and 40 thousand of the Taq Taq means of increasing exports and an increase in revenues approaching one billion dollars for the remaining six months of the year, said the efforts to extract oil fields in the Kurdistan region to confirm that he could be the development of the fields to raise its capacity to export 300 thousand barrels a year-end and thus the mean increase in imports in the coming year for more than five billion and 500 million dollars, a significant amount of support that are complaining about the state budget deficit and is looking at maximizing the imports.
According to the studies of the Ministry of natural resources in the Kurdistan regional government, the production ceiling in the fields of the province of one million barrels a day, this means achieving remarkable growth and development in the coming years if we give priority to the professional and higher interest, and we hope to contribute to the quantities that will be issued from the province of Kurdistan in the cover part deficit suffered by the general budget of the State.
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