Parliamentary Finance: Government powerless in front of the drop in oil prices
Dated: January 9, 2016

BAGHDAD / News Network Iraq said the parliamentary finance committee member Husam punitive, that "the government powerless in front of the face of the implications of lower oil prices and its impacts on imports of Iraq." He said punitive in a press statement today: "Saudi Arabia and some OPEC countries now has a fiscal deficit which is the same why Iraq's dependence on oil exports and abundant supply of crude oil production, which led to lower prices. "He explained," The non-OPEC agreement to cut production is another reason for the decline of prices and do not forget and a head that countries are trying to practice the policies you want to control the economy In addition to the decline in world growth rates, particularly in China what is causing the lack of demand for oil as China is one of the biggest oil-importing countries. "The Brent crude world record contracts had tumbled on Thursday morning to a new low levels in 11 years during the Asian trading on concerns about China's economy increased concerns of inflation and abundant supplies, while on Friday rose slightly by 2% to reach $ 34. has ruled out the Iraqi Oil Ministry, "currently" high world oil prices because of the crisis taking place in the Middle East following the strained relations between Iran and Saudi Arabia. 8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%B9%D8%A7%D8%AC%D8%B2%D8%A9-%D8%A7%D9%85%D8%A7%D9%85-%D8%A7/