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Oil expert: Iraq will enter one billion dollars annually if the price of oil increases by one dollar
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The oil expert, Hamza Al-Jawahiri, announced that the increase in the price of a barrel of oil by one dollar will increase the state treasury by one billion dollars annually.
Al-Jawahiri said that the current rise in oil prices is due to the OPEC Plus agreement, which led to a reduction in production and exports, in addition to a rise in gas prices.
He added that the Iraqi state treasury will increase after the increase in oil prices, and that every dollar will contribute to the entry of one billion dollars annually, calling for the money to increase oil prices to go to development funds.
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