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Govt. gives priority to investments, services – MP

September 1, 2009 - 11:00:45

BAGHDAD / Aswat al-Iraq: The Iraqi government will give priority to investment and services projects in its budget for 2010, a member of the parliamentary oil and gas committee said Tuesday.

“A price of $60 a barrel for Iraqi oil will allow an investment dimension in the 2010 budget,” Abdulhadi al-Hassani told Aswat al-Iraq news agency.
“This is the highest price that the government can employ for budget purposes,” he said.
He pointed out that current oil prices are around $70 a barrel, adding they are not expected to fall below $60 U.S. dollars.

MH (P) / SS

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