Oil Minister: The Kurdistan Region sold its oil for $ 4
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Oil Minister: The Kurdistan Region sold its oil for $ 4
by RamblerNash on Tue Sep 15, 2020 10:20 pm
09/15/2020
Economy News - Baghdad
The Iraqi Oil Minister, Ihssan Abdul-Jabbar, revealed that the Kurdistan region sold its oil at $ 4 a barrel during the oil price crisis due to the Corona pandemic.
"The recent crisis of the drop in oil prices showed the fragility of the economic situation in Iraq, as Iraq sold its oil at a price of 10 dollars a barrel, while the Kurdistan region sold its oil at 4 dollars a barrel," Abdul-Jabbar said during his hosting of the Parliamentary Energy Committee .
He added that Iraq is currently borrowing money internally to cover the salaries of employees, which indicates that the economic structure of Iraq is insecure and weak in the face of any crisis, explaining that oil is the main commodity now, but it is decreasing globally.
https://economy-news.net/content.php?id=21860
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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