This is what Iraq will achieve from profits of oil stability at $ 65 a barrel
This is what Iraq will achieve from profits of oil stability at $ 65 a barrel
Monday 25 June 2018 | 01:37 PM
BAGHDAD (Reuters) – A member of the parliamentary finance committee, Massoud Haider, said on Monday that Iraq would achieve a financial surplus of 20 to 25 billion dollars in case of high oil prices and the arrival of the barrel to 65 dollars.
“The price of oil if it rose and reached the price of a barrel to 65 dollars, Iraq will achieve a surplus of 20 to 25 billion dollars during this year at the rate of selling 3 million and 300 thousand barrels per day.”
He added that “this surplus money will turn to the Central Bank to be part of Iraq’s cash reserves, because it is difficult for the government at the present time to include them in a supplementary budget.”
The government has set the price of a barrel of oil in the federal budget for 2018 at a price of $ 46 per barrel
aynaliraqnews.com
