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Prime Minister Haider al Abadi Calls for OPEC to Reconsider Oil Agreement

"Iraq is obliged to cover its deficits through loans, so we need the oil prices to be high to 60 dollars per barrel to cover the deficit", Ibadi elaborated

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Iraqi Prime Minister, Haider al-Ibadi has summoned for OPEC to meet and discuss the agreement to decrease oil production which has not been effective in bringing the price of oil down and “is still below wanted levels.”

Mr. al-Ibadi also added that Iraq needs the price of oil to reach minimum $60 dollars per barrel in order to cover the country’s budget, Prime Minister al-Ibadi added, “Iraq is obliged to cover its deficits through loans, so we need the oil prices to be high to 60 dollars per barrel to cover the deficit.” Source: Iraq TradeLink

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