Parliamentary Finance: $ 15 a barrel of oil surplus from the price determined by the budget law
Parliamentary Finance: $ 15 a barrel of oil surplus from the price determined by the budget law
2021-05-15 07:48
Shafaq News / The Parliamentary Finance Committee revealed, on Saturday, that there is a surplus in the price of a barrel of oil calculated in the General Budget Law for the current year.
Committee member Jamal Cougar told Shafaq News; “Oil prices are close to $ 65 per barrel, but the price calculated in the budget law for the current year is $ 45.”
He added that “the surplus in oil prices is about $ 15 per barrel,” noting that “this money goes to oil expenditures, including service contracts and licensing rounds, which are estimated at 16 trillion dinars.”
And Couger said, “The net remaining oil barrel is $ 45, which is actually calculated in the budget law.”
shafaq.com
