Parliamentary energy warns of a real financial crisis in the event of continued decline in oil prices



Date: 09/23/2015 09:40

Information / special / ..
warned the Commission on oil and energy parliamentary, Wednesday, the Iraqi government of a real financial crisis in the case continued decline in world oil prices.

The head of the Committee Erez Abdullah told / information /, that "the price of oil in a steady decline, has price of a barrel up to thirty dollars per barrel in the coming days, as all indicators relevant reports indicate lack of high price of a barrel in the near level.

"He added that" oil prices are open to all possibilities, because of the large surplus in the supply of $ 3 million barrels per day and refusal producers cut production ceilings.

"He pointed Abdullah that" the government will find itself facing a big challenge over the next year to the need to provide a full operating budget, and the provision of private funds to fight al Daash, as well as other domestic and international obligations.
"The specialists in economic affairs have warned of deterioration Iraqi economy significantly while not avoid the crisis continued decline in oil prices, at a time when the country is fighting a costly war against Alarhab.anthy / 25 u

http://www.almaalomah.com/news/32908