Saturday, January 1st 2011
Official dismisses reports of Kurdistan budget cut
Erbil, The deputy Iraqi Oil Minister disapproved of the reports that allege the Kurdistan Region’s share from the Iraqi budget has been cut, stressing the Region is entitled to the 17% of the total Iraqi budget.
fazl nabiAhmed Faydhullah, a member of the Iraqi parliamentary Committee of Finance and Economy recently claimed the Kurdish share has been reduced from 17% to 11.6%.
This account followed the statement by Hussein Shaherstani, the Iraqi Oil Minister, who demanded the Kurdish Region increase its oil exports to 150,000 barrels per day (bpd) to be entitled the share.
Speaking to AKnews, Fadhil Nabi, the Kurdish deputy of the Iraqi oil minister criticized the lawmakers “for making statements while they are uniformed.” He stressed the Kurdistan quota has neither been increased nor decreased.
“The quota was the outcome of the political consensus between the Region and Baghdad and will not be reduced,” Nabi reiterated, stressing the Region is not “required” to export oil as a prerequisite to grant its budget from Iraqi government.
The Kurdish official also criticized the Kurdish lawmakers for “misinterpreting” the Iraqi budget bill.
“The bill stipulates should the Kurdistan Region decline to transport its oil through the Iraqi national pipelines, then the Iraqi government will cut from the 17% share an amount equal to the sold out oil through the other pipes,” Nabi explained.
The Iraqi budget bill passed first reading late December. However, the majority of the Kurdish lawmakers walked out of parliament in protest to the bill which they deemed “inaccurate.”
The general budget of the country for 2011 is estimated to be around 78.969 billion U.S. Dollars, up from $71 billion in 2010. The Kurdistan Region is entitled to 17% of the total budget, equal to over $9.184 billion from the proposed fund.
http://www.aknews.com/en/aknews/2/207074/
Official dismisses reports of Kurdistan budget cut
Erbil, The deputy Iraqi Oil Minister disapproved of the reports that allege the Kurdistan Region’s share from the Iraqi budget has been cut, stressing the Region is entitled to the 17% of the total Iraqi budget.
fazl nabiAhmed Faydhullah, a member of the Iraqi parliamentary Committee of Finance and Economy recently claimed the Kurdish share has been reduced from 17% to 11.6%.
This account followed the statement by Hussein Shaherstani, the Iraqi Oil Minister, who demanded the Kurdish Region increase its oil exports to 150,000 barrels per day (bpd) to be entitled the share.
Speaking to AKnews, Fadhil Nabi, the Kurdish deputy of the Iraqi oil minister criticized the lawmakers “for making statements while they are uniformed.” He stressed the Kurdistan quota has neither been increased nor decreased.
“The quota was the outcome of the political consensus between the Region and Baghdad and will not be reduced,” Nabi reiterated, stressing the Region is not “required” to export oil as a prerequisite to grant its budget from Iraqi government.
The Kurdish official also criticized the Kurdish lawmakers for “misinterpreting” the Iraqi budget bill.
“The bill stipulates should the Kurdistan Region decline to transport its oil through the Iraqi national pipelines, then the Iraqi government will cut from the 17% share an amount equal to the sold out oil through the other pipes,” Nabi explained.
The Iraqi budget bill passed first reading late December. However, the majority of the Kurdish lawmakers walked out of parliament in protest to the bill which they deemed “inaccurate.”
The general budget of the country for 2011 is estimated to be around 78.969 billion U.S. Dollars, up from $71 billion in 2010. The Kurdistan Region is entitled to 17% of the total budget, equal to over $9.184 billion from the proposed fund.
http://www.aknews.com/en/aknews/2/207074/
