Iraq’s oil sold for $ 38 in world markets

Iraq’s oil sold for $ 38 in world markets

Posted, 01/20/2015

Iraqs oil sold for 38 dollars in world marketsBAGHDAD / JD / .. Finance Committee revealed its intention to reduce the 10 trillion dinars from the ministries of oil allocations, defense and power in the federal budget, as pointed out that Iraqi oil sold for $ 38 in world markets.
A member of the committee MP Faleh Djiashi Agency / BD /: “The committee is discussing with financial and advisory staff of the ministries of oil and electricity, and the defense in the presence of some of the financial expenses allocated to those ministries which can postpone the disbursement to later periods, which is estimated from 5 to 10 trillion dinars, in order to raise recommendation Presidency of the Council of Representatives to the size of the cuts conducted by the Finance Committee on the 2015 budget.
He added: “The parliamentary Finance Committee Oil Minister hosted and assured her that the Iraqi oil reached its price in the global market of $ 38 while the budget identified based on the sale of a barrel of oil at $ 60, which means that the fiscal deficit of the budget increased continuously” ./ ended / 8 /

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