Oil: We have not set the pricing of a barrel of oil with a budget of $ 2015 with 90, Iraq has 27% of its revenues

The Oil Ministry announced on Saturday, it did not specify the pricing of a barrel of crude oil within the 2015 budget of $ 90, while confirming that the federal budget has lost more than 27% of the projected revenues for the current year. The ministry said in a press statement received "Alsumaria News", "The ministry did not specify the amount of $ 90 price per barrel of crude oil within the 2015 budget", stressing the need to "adopt a new price for a barrel of oil within the 2014 budget according to objective study of the precise economic perspective with taking into account the changes and developments in the global oil markets and the decline in oil prices and future prospects. The ministry asked the media to "accuracy and objectivity in the promotion of the statements that deal with oil wealth and lack of diligence in the interpretation of some of the statements attributed to officials in the oil ministry or manipulated in some vocabulary intentionally or ignorance of what it leads to change and distort the full meaning as well as not to be dragged behind the transfer transfer some news or inaccurate statements, without reference and make sure of the source. "
The ministry said in its statement that it "denies what was attributed to some officials about the lack of budget affected or oil revenues, despite the decline in oil prices in the global oil market," adding that "the right of the Iraqi economy and federal budget may be affected much due to lower projected revenues and lost more 27% of the projected revenue for this year. "

The Oil Ministry announced on Friday (November 7, 2014), that Iraq is losing month billion and $ 200 million since last March because of Iraqi exports stopped through a pipeline Kirkuk - Ceyhan, as shown that this money was supposed to enter into the financial budget for 2014 revenues.

And decreased global oil prices between $ 80 and $ 85 per barrel after rising to more than $ 110 per barrel during the beginning of the current year and last year.

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