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A parliamentary committee: the budget need to reduce the price per barrel to below $ 60
Twilight News / Commission said the parliamentary oil and energy, on Tuesday, that the continued decline in the sale of oil prices in world markets from those who require to prepare the federal budget project to the adoption of the sale price per barrel below $ 60.
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The committee member said Ibrahim Bahr al-Ulum for "Twilight News", that "there are calls for the adoption of the price of a barrel of oil in 2015 to below the budget of $ 60 per barrel instead of the previous proposal of $ Baansabh B64."
He Bahr al-Ulum "There are no fears of a financial crisis, Iraq has a large financial reserves, in addition to its ability to raise oil production, but to those in charge of the economic sector to take advantage of the crisis to rebuild unable economy to resist arent any oil prices in global markets."
And witnessed the sale of oil prices in world markets (OPEC), a decrease over the past few weeks after I arrived to $ 60 rates, which caused confusion among the Iraqi government and those in charge of the preparation of the federal budget for 2015 project.
The price drop in global markets after Saudi Arabia undertook to sharply cut the official selling price of crude going to Asia and the United States last week.
Iraq relies 95% on oil in the annual general budget, while still the industrial sector projects are not eligible to be a source head of the Iraqi imports because of its exposure to the neglect over the past 10 years.
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