An upcoming meeting of the Iraqi parliament to discuss the collapse of oil prices
12:28 - 09/03/2020
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The information / Baghdad ..
On Monday, the Parliamentary Finance Committee expressed its concern about the collapse of oil prices to unexpected levels, noting that it had contacted its members with a view to holding a meeting to find ways to confront the sharp drop in oil prices.
Member of the committee, MP Ahmad Hama Rashid, said in a statement to "Information", that "the sudden and rapid decline in oil prices will put [You must be registered and logged in to see this link.]
in front of a major financial and economic crisis, and for this reason we have made contact with all members of the committee in order to search for the negative returns that will face the Iraqi economy in the light of this collapse." .
Rashid added, "The committee will study all the proposals that would face this great decline, and economic, financial and oil experts will be called in to find ways to confront the crisis."
He pointed out that "the current prices will be sufficient only to pay salaries to state employees, and therefore it will reflect negatively on the development of the rest of the investment and service sectors." Ended in / 25 pm