Abadi: Iraq needs $ 60 a barrel to meet the budget deficit

27 minutes ago

Twilight News Iraqi Prime Minister Haider al-Abadi / said at a news conference in Baghdad on Tuesday that Iraq needs to be an oil price of 60 dollars per barrel in order to fill the general budget deficit.

The Iraqi government, which is almost totally dependent on oil production revenue to fund spending since the decline in crude prices in 2014 and suffered the same year in which the organization of the Islamic state over large parts of the territory of the country dominated.

The price of Brent crude oil around $ 57 a barrel on Tuesday.

And Iraq's second-largest oil producer in OPEC after Saudi Arabia.