Iraq is based on the average price of oil in 2016 to $45 per barrel

Iraq is based on the average price of oil in 2016 to $45 per barrel


VIENNA, 4 Dec. Iraq in the calculations is based on the average price of oil in 2016 at the level of 45 dollars per barrel, told journalists the Minister of oil of Iraq Abdul Abdul-Mahdi.

“Our calculations are based on average oil price at 45 us dollars per barrel, which is evidenced by the results of the last few months. When we do calculations of the budget, we need to be more conservative,” he told reporters during a press conference, answering the question of what the price of oil, the country lays in the budget for 2016.