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Ibrahim Bahr al-Ulum is likely to continue falling oil prices and suggests the preparation of the budget on the basis of $ 40
Wednesday, December 14 2 / January 2015 11:59
[Baghdad-where]
He favored the oil and energy parliamentary member Ibrahim Bahr al-Ulum continuing decline in world oil prices and their impact on Iraq's resources during 2015.
He said Bahr al-Ulum told all of Iraq [where] "There are many interrelated reasons for the decline in oil prices, but the sum is a fundamental flaw in the global market in terms of demand and supply something for surplus which may estimated 3 to 4 million barrels in the market and this is what affects the stability prices, especially with the presence of countries like Saudi Arabia and Russia continues to output maximum Bdrjtah. "
He added that "every country today is trying to maintain its market share and there may be some implicit political goals behind the drop in prices, but the outcome of the matter predictors continue to deteriorate and up to $ 40 a barrel."
He Bahr al-Ulum that "the sale of Iraqi oil on average in the month of December last at $ 57 and expectations that this rate is reduced in the month about 43 or $ 44 if we were lucky in the survival rates of the current situation."
He favored a member of the Commission on oil and energy parliamentary "continued low prices because the absorption of the surplus in the market needs a period of time to stabilize the price has to regain market recovered after stability minima in a period of not less than 5 to 6 months, but generally will remain prices in this year's low." .
He continued, "We have several comments on the budget bill and see it is necessary to review the oil revenues for 2015 based on the continued deterioration of global prices, there is no room to check on the currently selected for pricing rates and suggest that the planned budget on the price of $ 40 per barrel and this could double the fiscal deficit but we will have a clear picture pressure in expenditures and look for other revenue for the budget. "
The House of Representatives has ended at its Monday, the second reading of the budget in 2015 after completion of the discussion by the political blocs in several previous sessions while granting Parliament Speaker Salim al-Jubouri, the Finance Committee of time an opportunity to submit its final report on the budget and taking into account the comments of the House of Representatives while the Commission continues continuing to hold hearings to host the concerned ministries are to discuss the budget Almalah.anthy 2
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Wednesday, December 14 2 / January 2015 11:59
[Baghdad-where]
He favored the oil and energy parliamentary member Ibrahim Bahr al-Ulum continuing decline in world oil prices and their impact on Iraq's resources during 2015.
He said Bahr al-Ulum told all of Iraq [where] "There are many interrelated reasons for the decline in oil prices, but the sum is a fundamental flaw in the global market in terms of demand and supply something for surplus which may estimated 3 to 4 million barrels in the market and this is what affects the stability prices, especially with the presence of countries like Saudi Arabia and Russia continues to output maximum Bdrjtah. "
He added that "every country today is trying to maintain its market share and there may be some implicit political goals behind the drop in prices, but the outcome of the matter predictors continue to deteriorate and up to $ 40 a barrel."
He Bahr al-Ulum that "the sale of Iraqi oil on average in the month of December last at $ 57 and expectations that this rate is reduced in the month about 43 or $ 44 if we were lucky in the survival rates of the current situation."
He favored a member of the Commission on oil and energy parliamentary "continued low prices because the absorption of the surplus in the market needs a period of time to stabilize the price has to regain market recovered after stability minima in a period of not less than 5 to 6 months, but generally will remain prices in this year's low." .
He continued, "We have several comments on the budget bill and see it is necessary to review the oil revenues for 2015 based on the continued deterioration of global prices, there is no room to check on the currently selected for pricing rates and suggest that the planned budget on the price of $ 40 per barrel and this could double the fiscal deficit but we will have a clear picture pressure in expenditures and look for other revenue for the budget. "
The House of Representatives has ended at its Monday, the second reading of the budget in 2015 after completion of the discussion by the political blocs in several previous sessions while granting Parliament Speaker Salim al-Jubouri, the Finance Committee of time an opportunity to submit its final report on the budget and taking into account the comments of the House of Representatives while the Commission continues continuing to hold hearings to host the concerned ministries are to discuss the budget Almalah.anthy 2
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