MENAFN and Iraq, according to Aswat Al-Iraq news agency on May 25 in Baghdad reported that the Government of Iraq Oil Ministry spokesman Assem Jihad Joachim May 24 here that since the value of a barrel of Iraqi crude oil a little more than 50 U.S. dollars, and the international the average price of crude oil in the 62 U.S. dollars a barrel, the price of a barrel of Iraqi crude oil prices lower than the international average of 8-10 U.S. dollars.
Jihad said that the Iraqi government is based on 50 U.S. dollars per barrel of oil to the formulation of the budget in 2009. 8-10 U.S. dollars per barrel for Iraqi crude oil price will increase the income of the Iraqi treasury.
Jihad added: "We hope Iraq can be based on a maximum price of the sale of its oil."
Source: www.in-en.com May. 26, 2009
