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Mohammed Abdul Jalil
Published on:
Thursday, July 26, 2018 – 5:19 pm
| Last update:
Thursday, July 26, 2018 – 5:19 pm
Hamdi Abdul Aziz, official spokesman for the Ministry of Petroleum, said the contract with international institutions and banks to secure oil price fluctuations is considered a comprehensive procedure in many countries, explaining that the government is seeking to protect the budget. He said during a call to the show "Here the Capital" broadcast Wednesday on the satellite "cbc" that these fluctuations are not subject to market mechanisms such as supply and demand , but other factors affect the price of oil. World
After the Government Authorized the Ministries of Petroleum and Finance for the Good of the Bedouins In the negotiation procedures with international financial and insurance institutions, set a certain average price of oil, for s & # 39; 39; ensure that no future price increases, so that the government does not have to increase support payments by 89 billion pounds.
89 billion when the price of Brent was 67 dollars, and today the price of Brent is 74 dollars, and the price stability expected at 80 dollars. "
He says that oil prices will be determined after the stability of institutions or banks and agree with them on all the details, explaining that this action is similar to the N safety on cars against accidents , and that this will only be done in the economic interest of the country.
