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Specialist oil: the next year will see a rise in the budget resources of oil
On: Wednesday 03/08/2011 14:09
Baghdad (news) .. expect oil expert Hamza Jeweler continued high oil prices, noting that the budget next year Stertf the adoption of the barrel price (86) dollars after the exchange rate was (76) dollars per barrel in 2011 budget.
It is noteworthy that (15 billion) surplus of the financial budget as a result of high oil prices, part of them will go to the financial budget and the other for the ration card and the rest of the draft petrodollars to the provinces in producing oil.
The jeweler told the reporter Agency (news) on Wednesday: "The rise in oil prices has increased since the beginning of this year where he became much higher than the price at which the adopted budget, which Iraq sold a barrel to (106) dollars and we sell at a rate (2,000,066) two and sixty-six barrels per month, and this is evidence that the price of oil continues to increase although for some fluctuations in the world prices. "
The Jeweler "Iraq is not much affected by altitude and the global decline as selling prices, immediate (urgent), which is not affected much at world prices, pointing to the existence of more than (150) million barrels floating in the global oceans, which are sold in free markets." / End / 12 /.
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