Attorney Yasiri Finance Ministry demanding the adoption of the price of a barrel of oil (85) instead of $ (90) $ in the budget in 2013

Well we shall see where this will go if they use $90 or $85 a barrel ?
Date: 09/21/2012 07:47:20 Friday



Baghdad (news) .. warned member of the Finance Committee MP / National Alliance / Abdul Hussein al-Yasiri, to determine the price of a barrel of oil (90) dollars in next year's budget as a result of the global economic crisis that led to the fluctuation of oil prices in the oil market, calling for adopted under the price (85) dollars to take into consideration the likelihood of lower oil prices.

Yasiri said (of the Agency news): The Ministry of Finance when the will formulate the current year budget and determine the price of a barrel of oil upon which the budget met IMF and the International Bank for Reconstruction and Friendly economists and petroleum to estimate the ideal price for oil has been fixed at (85) dollars a barrel, describing as a perfect price.

He added: Price specified by the Ministry of Finance of the budget next year of $ (90) dollars for a barrel of oil is acceptable because the current prices of oil more than (100) dollars, but you must have reservations over prices and take into consideration the global economic crises and political problems of international and that will lead to volatile oil prices in the global markets, when low oil prices will lead to the country's economic confuse being the only source of its economy. / end / 8.. /


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