Home
Parliamentary Finance: All forecasts indicate the start of the rise in oil prices in the second half of this year
Wednesday, February 11, 2015
[Baghdad-where]
Said in a parliamentary finance committee member said Wednesday that all projections indicate that oil prices will begin to rise in the second half of this year.
And between Masood Haider told all of Iraq [where] that "high oil prices will contribute to the support of the Iraqi economy, and in parallel, the Oil Ministry is trying to increase its exports of oil, and therefore there will be a dam for the deficit in the budget is real," he said, adding that "we could have financial surplus makes us support in the form of state institutions for the better. "
He said Haider "All forecasts indicate that in the second half of this year, prices will begin to climb to reach between 65 to 80 dollars per barrel, and this contributes significantly to the support of the Iraqi economy."
The oil minister Adel Abdul Mahdi predicted a rise in global oil demand and price recovery after marginal producers out from the competition due to their inability to afford the cost after the price falls to lowest level in 6 years.
Said Abdul-Mahdi said in a statement received [where] NSH him, he was "already expected rise in oil prices in world markets after reaching to the bottom," adding that "the drop in prices is not a genuine case but to stop the fall in prices and the return of its rise, albeit slowly and gradually will depend at an altitude of more than rates of demand, "stressing that" rates will increase demand in the global markets, ".anthy
[You must be registered and logged in to see this link.]
Wednesday, February 11, 2015
[Baghdad-where]
Said in a parliamentary finance committee member said Wednesday that all projections indicate that oil prices will begin to rise in the second half of this year.
And between Masood Haider told all of Iraq [where] that "high oil prices will contribute to the support of the Iraqi economy, and in parallel, the Oil Ministry is trying to increase its exports of oil, and therefore there will be a dam for the deficit in the budget is real," he said, adding that "we could have financial surplus makes us support in the form of state institutions for the better. "
He said Haider "All forecasts indicate that in the second half of this year, prices will begin to climb to reach between 65 to 80 dollars per barrel, and this contributes significantly to the support of the Iraqi economy."
The oil minister Adel Abdul Mahdi predicted a rise in global oil demand and price recovery after marginal producers out from the competition due to their inability to afford the cost after the price falls to lowest level in 6 years.
Said Abdul-Mahdi said in a statement received [where] NSH him, he was "already expected rise in oil prices in world markets after reaching to the bottom," adding that "the drop in prices is not a genuine case but to stop the fall in prices and the return of its rise, albeit slowly and gradually will depend at an altitude of more than rates of demand, "stressing that" rates will increase demand in the global markets, ".anthy
[You must be registered and logged in to see this link.]
