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The appearance of Muhammad Salih / Nina: Selling Iraqi oil at two prices will generate additional revenue to finance budget priorities
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[rtl]Baghdad / Nina / The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that selling Iraqi oil at two prices will generate additional revenue to finance budget priorities.
He said to the Iraqi National News Agency ( NINA ) that: selling oil in two different markets is a hedge of a fixed price with low returns, and that any increase in rent means an automatic price change. The adviser to the Prime Minister Abdel-Hussein Al-Hanin said in a press statement: "The government will deal seriously with the decline in oil prices, and there is a tendency to make the budget at two prices for oil, the first is fixed and may not exceed $ 30 per barrel, and in this part of the budget Indispensable. "
Saleh added that: The variable price will generate additional revenue, which will inevitably go to financing the exchange on the scale of budget priorities (projects, services, etc.) after reassuring all salaries through the fixed price.
He added: "The moving price will be every amount per barrel in excess of $ 30 in any period of the fiscal year in which the other requirements are dealt with proportionally depending on the change in oil prices."
Al-Hanin said: "This method depends on programs and projects and represents an advanced case to prevent waste and a large part of corruption." / End 3[/rtl]
He said to the Iraqi National News Agency ( NINA ) that: selling oil in two different markets is a hedge of a fixed price with low returns, and that any increase in rent means an automatic price change. The adviser to the Prime Minister Abdel-Hussein Al-Hanin said in a press statement: "The government will deal seriously with the decline in oil prices, and there is a tendency to make the budget at two prices for oil, the first is fixed and may not exceed $ 30 per barrel, and in this part of the budget Indispensable. "
Saleh added that: The variable price will generate additional revenue, which will inevitably go to financing the exchange on the scale of budget priorities (projects, services, etc.) after reassuring all salaries through the fixed price.
He added: "The moving price will be every amount per barrel in excess of $ 30 in any period of the fiscal year in which the other requirements are dealt with proportionally depending on the change in oil prices."
Al-Hanin said: "This method depends on programs and projects and represents an advanced case to prevent waste and a large part of corruption." / End 3[/rtl]
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