Iraq 2006 Budget Sets $6.1B for Oil Industry Investment

[movetopi]

Iraq's 2006 budget has allocated $6.1 billion for investment in the oil sector next year, Thamer al-Ghadhban, a lawmaker and former oil minister, said Monday.

Ghadhban said the National Assembly, or parliament, had ratified the budget, which has been set at $33.9 billion, late Sunday.

http://www.iraqdirectory.com

[icarusII]

Iraq's 2006 budget has allocated $6.1 billion for investment in the oil sector next year, Thamer al-Ghadhban, a lawmaker and former oil minister, said Monday.

Ghadhban said the National Assembly, or parliament, had ratified the budget, which has been set at $33.9 billion, late Sunday.

http://www.iraqdirectory.com
IMO this is a significant development. The 2005 budget was 24 Billion USD. Donor money allocated was 9 billion USD. 2006 budget increases 27% but Donor money is only 10 billion USD? The Iraqis have a very significant increase in revenue coming from somewhere. Higher than projected oil revenue even though production and exports were down.
We need a little transparency here Dr. Shabibi.........

Icarus