Parliamentary Economy: The OPEC agreement is unfair to Iraq and its reason is the weakness of the Iraqi negotiator
11:37 - 16/04/2020
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Parliamentary Committee on Economic and Investment confirmed, Thursday, that deduction of one million and 800 barrels of oil from [You must be registered and logged in to see this link.] share in the recent OPEC agreement, noting that the Iraqi negotiator was weak and unable to raise our level of crude oil.
Member of the Committee MP Nada Shaker Jawdat said in a statement to "The Information", that "determining the rate of one million and 800 thousand compared to the slight increase in the current oil prices is unfair to [You must be registered and logged in to see this link.] because it will not benefit from any additional funds and that its economic problem will not be improved."
She added that "the main reason for determining this amount is the weakness of the Iraqi negotiator, who was not at the level of responsibility, so we have to review and evaluate the negotiators and submit a request to review the ratio on a high political level."
Jawdat said, "Calculating the real per barrel price and its yield for the treasury under these prices reaches under 25 dollars, and this is dangerous for the [You must be registered and logged in to see this link.] budget and will cause a large financial deficit." Ended in / 25 pm