The International Monetary Fund is likely to occur stability of oil in Iraq


International Monetary Fund

Roudao - Erbil

It favored the International Monetary Fund and the stability of the oil market in Iraq during the coming period , despite reservations about the central government 's account barrel price set at $ 35, under the draft 2017 budget, before it is agreed to increase it to $ 43.

Iraq agreed and the International Monetary Fund at the expense of the price of a barrel of oil at $ 43 instead of $ 35 the price proposed in the draft 2017 budget and card export up to three million and 600 thousand barrels per day, according to an earlier statement by the Iraqi Ministry of Finance.

The adviser to the CBI, Walid al-Abidi, in a press statement, "The IMF expressed its reservation on the expense of the price of a barrel of oil at $ 35 during the Iraqi government prepare for the draft 2017 budget," he said, adding that "the fund has the economic sources as supervisor of all the countries of the world in terms of monetary policy and budgets to achieve the economic stability of nations. "

And transfer Abedi weights Fund "positive for the stability of Iraq's oil and work in its facilities, as well as the continuation of the production of foreign companies operating in it."

The Iraq's oil production is currently 4.7 million barrels a day, is exporting about 3.2 million barrels per day, Iraq relies on oil revenues to finance up to 95% of state spending, which is the second largest oil exporter in the Organization of "OPEC".

And it continues in Iraq deficit budget since 2015, which also recorded a deficit of about $ 25 billion, as a result of lower oil prices by more than 50% since 2014.