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Parliamentary Energy calls on the government to calculate the price of a barrel to $ 50 in 2015 budget
Counting Press / BAGHDAD: A member of the Parliamentary Commission on oil and energy, MP Ibrahim Bahr al-Ulum, Sunday, that in light of the continuing decline in the sale of crude oil is difficult to predict to prices, calling on the government to calculate the price per barrel in the budget of $ 50.
Uloum said for "tomorrow Press", "The decline in the price per barrel in the oil market led to the difficulty of estimating the price of oil and possibly cracking even under $ fifty," pointing out that "the fundamental role played by OAPEC in determining the production, pricing and production of source countries for oil." .
He added that, "the former planning of the budget at the level of 64 and 65 dollars a barrel of oil has become irrational, despite our belief that prices will recover perhaps after the middle of next year", stressing the need to "be planning on a reasonable and well thought out prices to avoid a lot of mistakes."
Bahr al-Ulum said that "the supposed price placed on the basis of the budget by the current atmosphere is fifty dollars per barrel, and that there have been changes in pricing next year there could be estimated budget offset by the budget."
He continued that "the maximum production and export of oil in Iraq do not exceed more than three million and two hundred or three million, five hundred daily barrels per day maximum, harbor necessary to search for revenue assistance for the advancement of the Iraqi economy," explaining that "a lot of the provinces have the potential to run sectors a second non-oil agro-industrial and private. "
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Counting Press / BAGHDAD: A member of the Parliamentary Commission on oil and energy, MP Ibrahim Bahr al-Ulum, Sunday, that in light of the continuing decline in the sale of crude oil is difficult to predict to prices, calling on the government to calculate the price per barrel in the budget of $ 50.
Uloum said for "tomorrow Press", "The decline in the price per barrel in the oil market led to the difficulty of estimating the price of oil and possibly cracking even under $ fifty," pointing out that "the fundamental role played by OAPEC in determining the production, pricing and production of source countries for oil." .
He added that, "the former planning of the budget at the level of 64 and 65 dollars a barrel of oil has become irrational, despite our belief that prices will recover perhaps after the middle of next year", stressing the need to "be planning on a reasonable and well thought out prices to avoid a lot of mistakes."
Bahr al-Ulum said that "the supposed price placed on the basis of the budget by the current atmosphere is fifty dollars per barrel, and that there have been changes in pricing next year there could be estimated budget offset by the budget."
He continued that "the maximum production and export of oil in Iraq do not exceed more than three million and two hundred or three million, five hundred daily barrels per day maximum, harbor necessary to search for revenue assistance for the advancement of the Iraqi economy," explaining that "a lot of the provinces have the potential to run sectors a second non-oil agro-industrial and private. "
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