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Parliamentary Economy: Oil prices may fall to $ 40 a barrel

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Parliamentary Economy: Oil prices may fall to $ 40 a barrel Empty Parliamentary Economy: Oil prices may fall to $ 40 a barrel

Post by rocky on Fri 23 Aug 2019, 6:11 am


Parliamentary Economy: Oil prices may fall to $ 40 a barrel

09:33 - 23/08/2019



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A member of the Parliamentary Committee on Economy and Investment, Salem Tufayli, on Friday, that oil prices may fall below $ 40 a barrel, pointing out that there are many sources that can supplement the budget with funds if exploited properly.
Tufayli said in a statement to the information, that " [You must be registered and logged in to see this link.] has a great opportunity to diversify the sources of its budget without relying on oil only, especially with the presence of two great rivers can irrigate millions of acres of agricultural."
He added that "expectations and according to the current data, it refers to the decline in oil prices to less than 40 dollars per barrel during 2020, which may enter [You must be registered and logged in to see this link.] in a financial crisis unless it is remedied to diversify sources of financing the budget."
He explained that "many sectors, especially agriculture can provide the money needed by the country, and the border outlets and large areas of land can be used instead of oil to finance [You must be registered and logged in to see this link.]budget for the coming years."
He pointed out that "the border outlets are not managed properly, where there is a great power by the parties and influential parties." Finished 25 N


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    Current date/time is Fri 20 Sep 2019, 12:38 am