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[size=45]Saleh: The financial management law in force does not allow oil barter policies
1 hour ago[/size]
1 hour ago[/size]
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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed a legal clause that prevents the proposal to trade oil for food.
Saleh said in a statement that the financial management law in force does not allow oil barter policies, due to the price risks that accompany such agreements for public revenues to lose their governance.
He added that due to the concomitant global energy and food crises at the same time, oil sales may turn to supply contracts to buyers with a priority that puts oil buyers in front of providing and preparing the country's food needs in the current circumstance and a priority as well.
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