Monday, June 24, 2024

Parliamentary Economy explains...Does the fluctuation of oil prices affect the economy of Iraq?, 24 JUNE

 Parliamentary Economy explains...Does the fluctuation of oil prices affect the economy of Iraq?

Baghdad

The Parliamentary Oil and Gas Committee confirmed today, Saturday, that the fluctuation in oil prices does not affect the Iraqi economy.

Committee member Ali Saadoun Al-Lami said, “The 2023 budget tables came to the House of Representatives when a barrel of oil was calculated at 74 dollars.”

Al-Lami added, “There are 10 moving dollars on the price of a barrel, so the rise or fall of oil prices does not affect the economy.”  LINK

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