Report

rss

Iraq News

Kurdistan

Economy

World

All News

Current oil prices sufficient to cover employee’s salaries: Iraq

Category: Economy

Date: 2020-06-11T15:00:16+0000
Current oil prices sufficient to cover employee’s salaries: Iraq

Shafaq News / Member of the Finance Committee of the Iraqi Parliament, Mahasin Hamdan pledged, on Thursday, to reduce the austerity measures that the Iraqi government had recently taken by the increase oil prices.

“High oil prices will reduce austerity measures and solve many problems, foremost of which is the provision of employee salaries", stressing that "high oil prices will stop external borrowing as the parliament cannot approve these measures with high oil prices ,” Hamdan told Shafaq News Agency.

"The oil price situation so far is good and continues to rise, this is a good thing for Iraq to face the financial and economic crisis, so the current oil prices can provide the salaries of employees, without the need for external loans,” she added.

OPEC + has recently agreed to extend the agreement to withdraw about 10 percent of global supplies from the market for a third month until the end of July, after the extension.

related

Iraq is the largest oil exporter to India

Date: 2020-02-05 09:27:34
Iraq is the largest oil exporter to India

The Iraqi negotiating team for "OPEC" accused of working with foreign parties

Date: 2020-05-02 13:28:19
The Iraqi negotiating team for "OPEC" accused of working with foreign parties

Iraq reassures, oil production and export are not affected by Corona virus

Date: 2020-02-27 12:10:01
Iraq reassures, oil production and export are not affected by Corona virus

Basra begins drilling the first well in Majnoon field

Date: 2020-05-24 09:27:13
Basra begins drilling the first well in Majnoon field

Iraq to export 2.8 million barrels of oil

Date: 2020-06-15 09:11:13
Iraq to export 2.8 million barrels of oil

More than 6 billion and a half billion dollars is Iraq's oil revenues in a month

Date: 2019-11-25 08:51:08
More than 6 billion and a half billion dollars is Iraq's oil revenues in a month

Russian giant expects stability in Iraq and resume development of an oil field

Date: 2020-02-11 12:53:01
Russian giant expects stability in Iraq and resume development of an oil field

Oil falls on growing fears of coronavirus second wave

Date: 2020-06-15 15:38:31
Oil falls on growing fears of coronavirus second wave