50721
$42 Oil in Iraq 2017 Budget
Energy

$42 Oil in Iraq 2017 Budget

Iraq's government issued a 2017 budget forecast on Tuesday, which it said assumed the country will be exporting more crude and at a higher price than in recent months.
The OPEC nation expects to sell 3.75 million barrels per day of crude at a price of $42 a barrel, the government said in a statement, Reuters reported.
The 2017 budget forecast a drop in expenditures to $77.51 billion. The 2016 budget envisioned expenditures of $90 billion with a $19 billion shortfall, reflecting the sharp drop in oil prices and revenues since 2014.
The government's crude oil exports ran at a rate of 3.23 million barrels per day in August, selling at an average price of $39.25 per barrel, according to the oil ministry.
"Iraq reportedly carried out mediation between Iran and Saudi Arabia to bring about an agreement that would lift crude prices, at a meeting of crude-producing nations in Algiers," Iraqi Oil Minister Jabar Ali al-Luaibi said.
Iraqi Oil Ministry Spokesman Asim Jihad said Iraq is leading a mediation to bring the viewpoints of Saudi Arabia and Iran closer, in order to get out of the crisis and support oil prices.

 

Short URL : https://goo.gl/XJcGON
  1. https://goo.gl/6BZ25s
  • https://goo.gl/57xhqr
  • https://goo.gl/vpt4zl
  • https://goo.gl/JfZCcz
  • https://goo.gl/6ZokDy

You can also read ...

OPEC Lack of Power Now More Obvious
OPEC is dying. President Donald Trump will probably rejoice....
Zanganeh Hopes OPEC Will Not Follow US Diktat
Iran Oil Minister Bijan Zanganeh said on Sunday he hoped...
Gasoline Refinery in South Iran Aims to Raise Production to 40 mld
Gasoline production at the Persian Gulf Star Refinery will...
Dams Aplenty But No Water
Water in dams surrounding the capital in the last water year (...

Trending

Googleplus