of the State Program Committee: Iraq relies on oil prices after tightening sanctions against Iran[/size][You must be registered and logged in to see this image.]
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3 hours ago
A member of the Evaluation Committee of the government program and strategic planning MP Anam Khuzai on Friday, Prime Minister Adel Abdul Mahdi, to establish an independent sovereign fund to extinguish the sovereign debt of the international consequences of Iraq.
"Iraq relies heavily on the recovery of oil prices in financing the public budget and the use of surplus in the payment of sovereign debt after it jumped following the tightening of US sanctions on Iran to exceed the barrier of $ 75 a barrel on Thursday, 25 April 2019, which is higher Level of oil prices this year. "
Al-Khuzaie called for the sale of Iraqi oil at around $ 70 per barrel (less than the price of Brent crude oil). Iraq will achieve $ 14 a barrel of oil over the budgeted price of $ 56 a barrel.
He added that "if we take the rate of Iraq's exports of oil per month (and within the quota of the OPEC countries), about (105) million barrels per day in the accounts of the Iraqi Ministry of Oil for the month of March, this means achieving a financial abundance of more than (1.5) A billion dollars a month, and this amount can be increased if prices continue to escalate after the refining of Iranian oil exports in early May.
Khuzaie wondered, "Does the economic decision maker, the Prime Minister, respond specifically to the supreme economic interests of the country and the citizen, especially that the opportunity is available to start the establishment of a fund to extinguish the Iraqi sovereign debt, which is financed mainly from the financial abundance achieved by the difference between the price of oil stabilized by the budget and current price Markets or will the sword of foreign indebtedness remain on the necks of Iraqis? "