Parliamentary Committee: Oil price drop will not affect budget

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Parliamentary Committee: Oil price drop will not affect budget
Parliamentary Committee: Oil price drop will not affect budget

The parliamentary Oil and Energy Committee in the House of Representatives reiterated its confirmation that the budget will not be affected by the drop in the price of a barrel of oil to $70.

According to Nehru Mahmoud Qadir, representative director, the council “fears that if the price of a barrel of oil goes below $70 in the budget for next year.”.

He continued, “The price of the barrel of oil in the budget of 2024 was estimated at $70, and it won’t be influenced by the slight fluctuation in the price of oil.”

“Employees’ salaries are fully secured even if oil prices fell to $70,” he emphasized.

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