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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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Cougar comments on the fluctuation of oil prices: In this case, the government will need to borrow

rocky
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Cougar comments on the fluctuation of oil prices: In this case, the government will need to borrow Empty Cougar comments on the fluctuation of oil prices: In this case, the government will need to borrow

Post by rocky Tue 07 Dec 2021, 6:11 am

Cougar comments on the fluctuation of oil prices: In this case, the government will need to borrow

  •  Time: 06/12/2021 18:29:55
     
  •  Reading: 2002 times

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{Economic: Al Furat News} The former Parliamentary Finance Committee member, Jamal Cougar, commented, on Monday, about the fluctuation of oil prices and its impact on the Iraqi economy.
The useful summary.. In important news, you can find it on Al-Furat News Channel on Telegram.. [You must be registered and logged in to see this link.]
Cougar told Al-Furat News that "the fluctuation of oil prices will affect the country's economic situation, because the organization of the budget is based on calculating the state's resources."
He added, "The main resource for Iraq is oil, and the budget is based on the price of a barrel, and the government usually takes its reserves in the price. When prices reach the price of 60 dollars, the prices of one barrel of oil are based on 45 per barrel in the budget."
Cougar explained, "The price that will be deliberately lower than the general price, and this limits the possibilities of setting a budget with active investment aspects, and if prices drop below 60 dollars, the government will inevitably need to borrow."
Oil prices rose on Monday, after Saudi Arabia, the largest oil exporter, raised the prices of its crude sold to Asia and the United States. And Brent crude futures for the month of February increased by $1.39, or 2.03 percent, to $71.30 a barrel.
US West Texas Intermediate crude for the month of January next rose $67.66 a barrel, up $1.42, or 2.14 percent.
On Sunday, Saudi Arabia raised its January official selling prices for all grades of crude sold to Asia and the United States by up to 80 cents from the previous month. 

From: Raghad Daham
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