08.04.2016 - Iraq to lower oil price forecast to $32 a barrel in 2016 budget
Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official told Reuters. The new price estimate is based on the continued low level of global oil prices in recent months, said Marwa al-Nasaa, Amman-based IMF resident representative for Iraq. "We're setting it closer to $30 based on the climate of international futures prices since November," she told Reuters on Thursday...............................................Full Article: Source
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