02.02.2009 - Pressure on Opec welfare spending
From Timesonline.co.uk: Opec member states are struggling to maintain basic social spending as a result of the plunge in the price of oil, according to the secretary general. Abdullah Salem el-Badri said that sliding oil prices, coupled with the global recession, had forced the governments of some of the 12 Opec countries, which include Iran, Venezuela, Nigeria, Ecuador and Angola, to slash spending on welfare programmes. .... Full Article: Source
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