Home
Oil and energy parliamentary expects a drop in oil prices and a warning of the impact on the budget in 2015
Detection of the oil and energy parliamentary member Ibrahim Bahr al-Ulum that the pressure in the oil market factors pushing the price slide further and this in turn will impact heavily on Iraq's budget for 2015, which was designed according to its oil revenues estimated value of 84 trillion dinars under the price of $ 60 per barrel and the deficit 23 trillion of what could lead to a budget deficit could reach weakness in the event of a drop in oil prices.
Bahr al-Ulum also revealed in a statement to Radio tow that the main reason for the drop in oil prices to the limit due to the insistence of the states of Saudi Arabia and the UAE not to pull excess quantities of crude Nafthma in global markets, indicating that these two countries do not Tbaglian down oil prices, even if reached $ 20 per barrel and were hit by a loss at the moment Fbalamkan compensation Khosarthma in the near future will be the biggest in Iraq is affected.
[You must be registered and logged in to see this link.]
