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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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AN INTERNATIONAL INSTITUTE THAT MONITORS WHAT IRAQ NEEDS TO ACHIEVE FINANCIAL BALANCE

rocky
rocky
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AN INTERNATIONAL INSTITUTE THAT MONITORS WHAT IRAQ NEEDS TO ACHIEVE FINANCIAL BALANCE Empty AN INTERNATIONAL INSTITUTE THAT MONITORS WHAT IRAQ NEEDS TO ACHIEVE FINANCIAL BALANCE

Post by rocky Sat 16 Oct 2021, 7:41 am

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Economie

[size=38]AN INTERNATIONAL INSTITUTE THAT MONITORS WHAT IRAQ NEEDS TO ACHIEVE FINANCIAL BALANCE[/size]



Saturday, October 16, 2021 12:04 PM

Baghdad/National News Center
The Institute of International Finance expected that Iraq needs a price of 64 dollars per barrel of oil during the next year to achieve financial balance.
And the institute stated in a report that “all oil-producing countries will witness a decrease in the oil price to achieve parity or financial balance in the budgets of the oil-exporting countries and without a significant deficit,” noting that this is due to “the rise in oil and gas production in these countries in exchange for limited government spending cuts.” .
According to the report, the break-even price of oil in Iraq - the second largest oil producer in OPEC - will be at $62 a barrel in 2022, down from $63 a barrel this year.
In other oil and gas producing countries, Qatar's budget will witness a financial break-even point at $44 a barrel next year, down from $52 a barrel during 2021.
Bahrain, which is described as the smallest oil producer in the Gulf - will also witness a financial break-even, at $76 a barrel. During 2022, compared to $82 a barrel in 2021.
In contrast, the fiscal breakeven point in the budget of Saudi Arabia - the largest oil exporter in the world - will drop to $67 a barrel in 2022, compared to $75 a barrel in 2021.

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