Legislative power: Iraq will not exceed annual revenue of 30 billion dollars annually.

31-07-2016 12:26 PM

Detect oil and energy parliamentary Committee member Ibrahim Bahr Al-Ulum that Iraq will not increase the annual income of 30 billion dollars, with oil prices expected to not more than about sixty dollars for the next two years.

Ulum said Iraq's annual revenue would exceed $ 30 billion, while balancing Iraq 2016 placed five and forty dollars per barrel to 3.6 million barrels are exported, indicating that these percentages have not materialized so far, and therefore there is an original deficit and another deficit added by the descent of oil prices.Ulum added that prices will stay at its current state for two upcoming meetings, thus Iraq must hire case to live with oil prices within that sstraoh between fifty and sixty dollars for the next two years.