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Iraq to Lower Oil Price Forecast from $45 a barrel to $32 a barrel to match global oil prices

Marwa al-Nasaa, Amman-based IMF resident representative for Iraq maintains this will better match global oil prices

Iraq will lower their forecast price of oil in 2016 from $32/barrel to $45/barrel. Although this price change will increase the fiscal deficit by several billion dollars it will better match global oil prices, said Marwa al-Nasaa, Amman-based IMF resident representative for Iraq. 

 

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