The economic security adviser in the Kurdistan region, Biwa Khansi warned from continued decline in oil exports from southern Iraq and its impacts negatively on the financial budget for Iraq .
He said in a statement to the National Iraqi News Agency / NINA / “Iraq’s financial budget is specified by exporting 3 million barrels per day at a price of $ 90 ,” stressing that “the decline in oil exports from the specified quantity would negatively affect the revenue of budget.”
He added, “The affecting factors of the decline in exports of oil are natural and political, the dirt storms suffered by the export line through the Gulf last March led to the stop of oil exports, while the political factors include political differences that affect the oil exports also.”
Khansi continued: “The terrorist attacks, which affected the northern oil pipelines, impacted negatively on the oil export,” adding that these factors affected the contexts of the countries that import oil from Iraq.
An official of the Southern Oil Company announced last Thursday that crude oil exports from southern Iraq in March fell to 2.424 million barrels per day on average.
It is mentioned that the South exports in the previous month amounted to 2.507 million barrels per day on average, and the Iraqi oil production are mostly comes from the southern fields and export abroad. The official did not give a reason for the decline in exports.
A survey showed on Tuesday that the oil supplies from the Organization of the Petroleum Exporting Countries (OPEC) fell in March to their lowest level since December with lower exports from Iraq and African countries.