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Finance: every barrel of oil flows into the budget of one billion dollars annually
2/19/2015
Baghdad, Omar Abdel-Latif,
the Finance Committee in the House of Representatives showed that high oil prices for one dollar per barrel could feed the current year budget of one billion dollars per year.
continued to Brent crude prices, yesterday, rising to exceed the amount of $ 62 per barrel in light of the warnings and the International Energy Agency risks supplies in the Middle East.
The committee member said Abdul Qader Mohammad Omar, a member of the House of Representatives from the Kurdistan Alliance said in a statement singled out by the «morning»: The slight rise in oil prices positively and significantly affects in support of the budget in 2015.
He said the price of oil if one dollar rose, it flows into the current year budget of one billion dollars at the end of the year, after the referee awarded the price per barrel in the budget of $ 56.
The chief economist at the International Energy Agency, Fatih Birol, in a report seen by «morning»: The emergence of gangs «Daash» terrorist challenged great for the necessary investments to prevent a shortage of oil supplies in the coming decades.
Birol added that the investment appetite in the Middle East close to zero, it is due mainly to the unpredictability of any events in the region.
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2/19/2015
Baghdad, Omar Abdel-Latif,
the Finance Committee in the House of Representatives showed that high oil prices for one dollar per barrel could feed the current year budget of one billion dollars per year.
continued to Brent crude prices, yesterday, rising to exceed the amount of $ 62 per barrel in light of the warnings and the International Energy Agency risks supplies in the Middle East.
The committee member said Abdul Qader Mohammad Omar, a member of the House of Representatives from the Kurdistan Alliance said in a statement singled out by the «morning»: The slight rise in oil prices positively and significantly affects in support of the budget in 2015.
He said the price of oil if one dollar rose, it flows into the current year budget of one billion dollars at the end of the year, after the referee awarded the price per barrel in the budget of $ 56.
The chief economist at the International Energy Agency, Fatih Birol, in a report seen by «morning»: The emergence of gangs «Daash» terrorist challenged great for the necessary investments to prevent a shortage of oil supplies in the coming decades.
Birol added that the investment appetite in the Middle East close to zero, it is due mainly to the unpredictability of any events in the region.
[You must be registered and logged in to see this link.]
