Former MP Mohammed Al-Shabaki showed nowadays, Wednesday, that the Kurdistan nearby government did not provide any records approximately its contracts with oil extraction organizations from the fields it seizes.
Al-Shabaki said in an interview with dinaropinions.com, “the paradox surrounds the contracts of oil corporations with the Kurdistan nearby government, which seizes the fields, and there’s political controversy over this trouble and questions on whether those contracts had been concluded with the government’s approval or no longer,” indicating that “this trouble could be blanketed in the amendments to the monetary finances law for next yr.”
He delivered, “A consulting organization will audit these contracts to determine the fee of oil production inside the Kurdistan vicinity and whether it exceeds $16 in line with barrel because the nearby authorities claims or in any other case, due to the fact this statistics is not clean to the federal authorities, the Ministry of Oil, and the countrywide Oil advertising organization (SOMO),” indicating that “amending Article 12 of the price range, which is associated with the price of extracting Kurdistan oil, has no financial results.”
it’s miles noteworthy that the house of Representatives is witnessing a nation of bewilderment regarding amending Article 12 of the monetary finances law, at the same time as representatives verify that the Kurdistan regional government does not send any money from its oil and non-oil revenues despite receiving its percentage of the overall budget.
