lots of talk about the economy and their money but nothing concrete. But for today here
Iraq is considering selling its oil to China .. Oil parliamentary: the need to reconsider the rounds licenses
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BAGHDAD / .. revealed the Commission on oil and energy parliamentary, Sunday, that Iraq is considering a proposal to sell its oil to China for two years or more, while confirming the need to reconsider the rounds of licenses.
The committee member said Awad al-Awadi's "Eye Iraq News" that "licenses where many pros as well as many cons and the solution now is to rounds usually consider such tours," noting that "the right of the Iraqi government to reconsider the rounds of licenses it is mentioned in the contracts with the companies, especially after the decline Big oil prices. "
And between al-Awadi said "The oil ministry is considering a proposal offered her on the sale of Iraqi oil to China for two years or more for the money or the so-called mortgage oil and many countries are dealing it," noting that "China wary of buying Iraqi oil because of the continuing decline in oil prices which do not you could buy at a price and then drop dramatically .. as well as fear Iraq to sell its oil at a price and then prices rise. "
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars, the oil revenues, of which 69 trillion and 773 billion dinars The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of the total Eradat.anthy 9
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