DINAR UPDATES 4-7-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday AM Chat 4-7-16 Part 2 of 3
watson1 says to BGG():what is your take on tman23 post ?? do you think that IMF told the cbi to do that ,bythe way Good morning
watson1 says to BGG():many this one of the things imf told cbi they need to do..
watson1 says to larrykn():i think the imf told the cbi to do this ??
BGG says():I'm not sure how the CBI can "not recognize" their own (and the USD) currency... it's a currency - not a "bearer bond" with some tracking mechanism... It is not impossible the CBI cut ties with those various branches - probably should have long, long ago...
BGG says():which just illustrates the rampant corruption / ignorance they deal with daily...
watson1 says to larrykn():remember we have april and may 2016 for them get this all done . i am sure these next few week we will see alot out of cbi which make say hmm ,but like mr white IMF is driving this ship .
~~~
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday AM Chat 4-7-16 Part 2 of 3
watson1 says to BGG():what is your take on tman23 post ?? do you think that IMF told the cbi to do that ,bythe way Good morning
watson1 says to BGG():many this one of the things imf told cbi they need to do..
watson1 says to larrykn():i think the imf told the cbi to do this ??
BGG says():I'm not sure how the CBI can "not recognize" their own (and the USD) currency... it's a currency - not a "bearer bond" with some tracking mechanism... It is not impossible the CBI cut ties with those various branches - probably should have long, long ago...
BGG says():which just illustrates the rampant corruption / ignorance they deal with daily...
watson1 says to larrykn():remember we have april and may 2016 for them get this all done . i am sure these next few week we will see alot out of cbi which make say hmm ,but like mr white IMF is driving this ship .
~~~
BGG says():on the other hand, if there truly is some kind of "financial reform" delay at the port for selling oil - I guess they have an angle - and it might be a HUGE deal for them. IDK.
allinxpress says():hopefully were not sitting here in July lol
larrykn says to BGG():maybe that is why the kurds cabinet member didn't take the job
tman23 says():The KRG raided the deposits in the 2 banks to cover their expenses since Baghdad was not sending money AND the CBI had not been replenishing the banks with IQD for the Kurd territory prior to ISIS 2014 but used the war as a reason afterwards........
watson1 says to BGG():i am sure there will be a lot coming out that make us say hmm and why these next few weeks .
BGG says to larrykn():from what I read - the Kurd didn't take the job because pro-Maliki forces surrounded his house. This was a good move on Abadi's part and those who are opposing him - pulled a pretty desperate looking stunt. That is the kind of stuff the UN and WB don't like much...
RickeyT says():all we can do is let it play out, This is Iraq, LOL,
RickeyT says():not one of us expected to still be here, this was supposed ot be over years ago
tman23 says():No worries as John Kerry will be in Baghdad tomorrow and so will The KRG delegation includes Deputy PM Qubad Talabani, Former Iraqi Deputy PM Rozh Nuri Shaways and Fuad Hussein , Chief of Staff of the Kurdistan Region Presidency..........along with PM Abadi...........
Shaways is the biggest connection to the British business investment..........Kurds have tons of support for independence and the USA backing now if Abadi does not follow the constitution and Kurds 20%............
OF course....the Kurds were to settle their internal political issues by March and yet they have not held a Parliment session and had begun reorganizing with pay and ministers in the name of reforms........
What is most interesting is both KRG and Baghdad are operating on what could almost be viewed as skeleton government or caretaker per se' at this point.....
watson1 says to BGG():do think now with the stunt again from mr maliki will stall the reform for the bad crooks to steal more and even try to take back GOI??
BGG says to watson1():I highly doubt it.
wmawhite says):Folks,....if either of you signed an agrreement with the IMF that mapped out exactly what you and the IMF were going to do during 2016 in regards with the CBI and the other Iraqi fnancial institutions, do you believe that on any particular day that you can decide to do something that is detrimental to Iraq WITHOUT first consulting the IMF? I do not think so.
Folks, the actions of the CBI is in concert with the IMF and WB. Many of you see these articles and go "oh no!!!" I see these articles and believe that the IMF and WB is smarter than me and I also understand that all of these actions were discussed previously and they are no surprise to them.
Mudder says():Having a country brreak apart isn't good for anybody involved... So IMO the US supprting the Kurds independence is BS... The US would be the biggest looser in all of this....
Mudder says():Countries don't come in with a ton of investment money to a country falling apart....
larrykn says to Mudder():I don't believe they are like Mr. White is saying this has been planned out well in advance
BGG says to watson1():if you note how Iraq social media sees their politicians - maybe sooner than later... (note the tweets and BLOG posts from last nite.
tman23 says to Mudder():The Kurds will hold a referrendum for independence..........They will participate in the federal government..(keep a vote in your adversarries camp)......
But they are going to keep the door open as who to say the next PM won't go rogue........ It is what it is....... None of them trust each other and it will take generations for that to graudally change.......if ever !
_firefly_ says():Is al - Shahristani or Maliki still a part of the GOI?
watson1 says to BGG():i really do not know who you are but i been following you for over a year . either you are future teller or have dam good intel cause you are always 1 to 4 month out with the correct info before anyone else:S(y)
_firefly_ says():Nobody knows? lol
watson1 says to BGG():how do peg this so soon when everone else is say something diffent and in the long you are correct and they jump on your band wagon?
clay01 says():"Nobody knows the troubles I've got, nobody knows my sorrows,"
BGG says to watson1():Team effort here - not just me... stay tuned, our peeps work hard at gathering real news and monitoring real events.
BGG says to watson1():we all appreciate you saying so though :)
larrykn says to clay01():whats the matter spunky :D
clay01 says():just made me think of that song,lol
tman23 says to Mudder():Funny how Shahristani became a bad guy .........LOL !! ....... If wasn't for him......Maliki would have had the party with the votes......... Most of the news coming out is bing bada bang.........point fingers, and deflect.......it is who you don't see that is the BAD GUY...........
watson1 says to BGG():ok sir with all this happen how much longer can not do reform weeks months no dates just weeks or months
watson1 says to BGG():is it maliki need to remove all together .
watson1 says to BGG():by the way are you feeling dancing yet
larrykn says to watson1():IMF stated this will happen within the first half of 2016 :)
_firefly_ says():Twilight News / said former Deputy Prime Minister Bahaa al-Araji, the oil licensing rounds with foreign companies where corruption files.
He said during a press conference in Baghdad on Monday that Prime Minister Haider al-Abadi was duped people that it does not cost per barrel more than two dollars while it cost $ 20.
He accused the head of the Oil and Energy Committee of Ministers and former oil minister Hussein al-Shahristani, in charge of licensing rounds, causing wasting money for Iraq by about $ 13 billion annually.
Araji said he filed a lawsuit against the corruption of the oil licensing rounds for decades. He said that "there are those who wonder why al-Araji did not stir that case when he was chairman of the Parliamentary Integrity?".
He explained, "Agip I actually worked at the time to move those issues when I was a deputy prime minister, but those issues did not reach the results and I did not work on the follow-up but I Satafrg her now and I will work on the follow-up to detect thieves of public money."
Al-Abadi called for the formation of a supreme committee to open large files of corruption related to oil contracts and the Arab summit, weapons and electricity, trade in the previous government.
clay01 says to watson1():We are in the process of the reforms as we speak, not a overnight event
_firefly_ says():former oil minister Hussein al-Shahristani,
_firefly_ says():This is recent article folks
_firefly_ says():So ... if neither Hussein al-Shahristani or Maliki is a part of the GOI what do we care what they are saying besides trying their best to cause trouble !!!!!!!!
tman23 says to _firefly_():Rabbit holes........... who was the last oil minister before Mahdi.........Do you know his name without google.... I brought this to point about 2 years ago........
_firefly_ says():Sheesh lol
clay01 says to larrykn():Do you remember that song
larrykn says to clay01():no I'm not old enough :D
_firefly_ says to tman23():LOT's of rabbit holes !
clay01 says to larrykn():(y):D or too old to remember, lol
BGG says to watson1():Shahristani, Maliki - and Baha Araji (wasn't he just brought up on MAJOR corruption charges??) ... all bad actors... with NO CURRENT SAY.
larrykn says to clay01():({):D
clay01 says to larrykn()::)(lol):D
_firefly_ says to tman23():On the tip of my tongue. Just woke up. Can't remember his name
tman23 says to _firefly_():Yea.........the wizard behind the curtain.......the orchestrator......... Abdul Karim Luaibi........He was appointed deputy minister of oil in charge with the upstream operations in 2009, and was in office until 2010.[3]
During his tenure, he was instrumental in securing the oil and gas contracts with international oil companies and other oil-related agreements with neighboring countries of Iraq.........
In December 2010, he was appointed oil minister, replacing Hussain Al Shahristani, to the cabinet headed by prime minister Nouri Maliki........
In March 2016, an investigate report published on the Huffington Post revealed that Luaibi was part of a major corruption ring in the Iraqi oil industry.
The report noted that Luaibi played a role in securing oil contracts for foreign oil companies in exchange for bribes....... Recall all the Maliki threats to Exxon and Chevron back in 2010/2011........
_firefly_ says to tman23():Thanks bud, his name slipped me completely but I remember that incident !
tman23 says to _firefly_():Funny how everyone knows all the names or most of them..........BUT this guy remained out of the media and major news.......yet ..........He acted as the president of OPEC's 162th ordinary meeting which was held in Vienna on 12 December 2012..........AND was the HEAD of IRAQS BIGGEST ASSET.........
_firefly_ says():Remember though, there will always be characters that try to undermine the Government. This is nothing new globally. Happens in the US every day .......... :D
tman23 says():Agree.......either play along and cooperate or end up with an office next to the dumpster........open your mouth and you disappear......... Personally I would play along since 99% are in on the game..........In Iraq, good guys didn't get to finish last.......they either died or fled with their families........
_firefly_ says to tman23():That was right after the Shabibi debacle !
_firefly_ says():BRB, need java refill :)
_firefly_ says():Obama's envoy to Jaafari: Large international meetings soon to provide more aid to Iraq
_firefly_ says():2016/4/7 14:08 Search head of the Iraqi National Alliance, Foreign Minister Ibrahim al-Jaafari, with the special envoy of US President Barack Obama for Iraq Brett Makourk overall security developments, political, and international support for Iraq in its war against Daash terrorist gangs.
A statement by his press office received by all of Iraq [where] that "al-Jaafari met in his office in Baghdad envoy of US President Barack Obama to Iraq, and his accompanying delegation, the two sides reviewed the overall security developments, political, and international support for Iraq in its war against terrorist Daash bands, File reforms which witnessed in the political process.
_firefly_ says():File reforms which witnessed in the political process.
_firefly_ says():He said al-Jaafari that Iraq will exceed the current crisis, and goes on the road to reform, and overcome the lingering political process errors, and achieve the aspirations of the citizens, adding that consultations between the political parties will enhance trust, cooperation, and mobilize national efforts to face the challenges,
noting that "Iraq is making great victories in war against terrorists Daash the efforts of the heroes of his sons, and the support of the international coalition, calling for increasing the international community's support for the Iraqi people in the current circumstances, raise the level of assistance. "
For his part, Brett Makourk envoy of US President Barack Obama to Iraq confirmed the statement said his country continued to support the Iraqi government, and to support efforts in the war effort against terrorist Daash gangs, and the implementation of government reforms,
pointing out that the coming period will witness international meetings to invest more to provide more aid to Iraq , praising the role of the Iraqi national Alliance, and al-Jaafari's efforts in maintaining national unity and overcome the differences, and intersections taking place in the political process.
_firefly_ says():Everyone wants a peice of the pie now lol
_firefly_ says():Interesting
_firefly_ says():Urgent parliamentary economy: budget next year Stakhlu deductions from salaries will include Advances to staff
_firefly_ says():It suggested the economic and investment commission in Parliament, on Thursday, the absence of the 2017 budget cuts to salaries and the allocation of financial Advances to staff, while suggesting a program to support low-income owners to raise the standard of living of citizens.
A member of the committee MP Abdul Salam al-Maliki's (Journal News), that "there is a serious endeavor by the parliament and the government that the 2017 budget will be different from the budgets that preceded the development and support of projects and maximizing the revenue side."
He added that "after the improvement in oil prices and increased crude oil production to more than 4 million barrels per day, the government will resort in the budget in 2017 to raise the proportion of deductions imposed on salaries and allocate financial Advances to staff, plus it will put a development program to support low-income earners through the granting of loans facilitators to raise the standard of living of citizens.
The 2016 budget, which voted on by the House of Representatives earlier this year at $ 95 billion, which included a deduction of 3% of employees' salaries to support the popular crowd. / End / 4 /
_firefly_ says():the 2017 budget will be different from the budgets that preceded the development and support of projects and maximizing the revenue side."
_firefly_ says():Ya think? lol
_firefly_ says():Hmmmm .... Brent closed last night at $39.84.
allinxpress says():(y)
_firefly_ says():Interesting
allinxpress says():hopefully were not sitting here in July lol
larrykn says to BGG():maybe that is why the kurds cabinet member didn't take the job
tman23 says():The KRG raided the deposits in the 2 banks to cover their expenses since Baghdad was not sending money AND the CBI had not been replenishing the banks with IQD for the Kurd territory prior to ISIS 2014 but used the war as a reason afterwards........
watson1 says to BGG():i am sure there will be a lot coming out that make us say hmm and why these next few weeks .
BGG says to larrykn():from what I read - the Kurd didn't take the job because pro-Maliki forces surrounded his house. This was a good move on Abadi's part and those who are opposing him - pulled a pretty desperate looking stunt. That is the kind of stuff the UN and WB don't like much...
RickeyT says():all we can do is let it play out, This is Iraq, LOL,
RickeyT says():not one of us expected to still be here, this was supposed ot be over years ago
tman23 says():No worries as John Kerry will be in Baghdad tomorrow and so will The KRG delegation includes Deputy PM Qubad Talabani, Former Iraqi Deputy PM Rozh Nuri Shaways and Fuad Hussein , Chief of Staff of the Kurdistan Region Presidency..........along with PM Abadi...........
Shaways is the biggest connection to the British business investment..........Kurds have tons of support for independence and the USA backing now if Abadi does not follow the constitution and Kurds 20%............
OF course....the Kurds were to settle their internal political issues by March and yet they have not held a Parliment session and had begun reorganizing with pay and ministers in the name of reforms........
What is most interesting is both KRG and Baghdad are operating on what could almost be viewed as skeleton government or caretaker per se' at this point.....
watson1 says to BGG():do think now with the stunt again from mr maliki will stall the reform for the bad crooks to steal more and even try to take back GOI??
BGG says to watson1():I highly doubt it.
wmawhite says):Folks,....if either of you signed an agrreement with the IMF that mapped out exactly what you and the IMF were going to do during 2016 in regards with the CBI and the other Iraqi fnancial institutions, do you believe that on any particular day that you can decide to do something that is detrimental to Iraq WITHOUT first consulting the IMF? I do not think so.
Folks, the actions of the CBI is in concert with the IMF and WB. Many of you see these articles and go "oh no!!!" I see these articles and believe that the IMF and WB is smarter than me and I also understand that all of these actions were discussed previously and they are no surprise to them.
Mudder says():Having a country brreak apart isn't good for anybody involved... So IMO the US supprting the Kurds independence is BS... The US would be the biggest looser in all of this....
Mudder says():Countries don't come in with a ton of investment money to a country falling apart....
larrykn says to Mudder():I don't believe they are like Mr. White is saying this has been planned out well in advance
BGG says to watson1():if you note how Iraq social media sees their politicians - maybe sooner than later... (note the tweets and BLOG posts from last nite.
tman23 says to Mudder():The Kurds will hold a referrendum for independence..........They will participate in the federal government..(keep a vote in your adversarries camp)......
But they are going to keep the door open as who to say the next PM won't go rogue........ It is what it is....... None of them trust each other and it will take generations for that to graudally change.......if ever !
_firefly_ says():Is al - Shahristani or Maliki still a part of the GOI?
watson1 says to BGG():i really do not know who you are but i been following you for over a year . either you are future teller or have dam good intel cause you are always 1 to 4 month out with the correct info before anyone else:S(y)
_firefly_ says():Nobody knows? lol
watson1 says to BGG():how do peg this so soon when everone else is say something diffent and in the long you are correct and they jump on your band wagon?
clay01 says():"Nobody knows the troubles I've got, nobody knows my sorrows,"
BGG says to watson1():Team effort here - not just me... stay tuned, our peeps work hard at gathering real news and monitoring real events.
BGG says to watson1():we all appreciate you saying so though :)
larrykn says to clay01():whats the matter spunky :D
clay01 says():just made me think of that song,lol
tman23 says to Mudder():Funny how Shahristani became a bad guy .........LOL !! ....... If wasn't for him......Maliki would have had the party with the votes......... Most of the news coming out is bing bada bang.........point fingers, and deflect.......it is who you don't see that is the BAD GUY...........
watson1 says to BGG():ok sir with all this happen how much longer can not do reform weeks months no dates just weeks or months
watson1 says to BGG():is it maliki need to remove all together .
watson1 says to BGG():by the way are you feeling dancing yet
larrykn says to watson1():IMF stated this will happen within the first half of 2016 :)
_firefly_ says():Twilight News / said former Deputy Prime Minister Bahaa al-Araji, the oil licensing rounds with foreign companies where corruption files.
He said during a press conference in Baghdad on Monday that Prime Minister Haider al-Abadi was duped people that it does not cost per barrel more than two dollars while it cost $ 20.
He accused the head of the Oil and Energy Committee of Ministers and former oil minister Hussein al-Shahristani, in charge of licensing rounds, causing wasting money for Iraq by about $ 13 billion annually.
Araji said he filed a lawsuit against the corruption of the oil licensing rounds for decades. He said that "there are those who wonder why al-Araji did not stir that case when he was chairman of the Parliamentary Integrity?".
He explained, "Agip I actually worked at the time to move those issues when I was a deputy prime minister, but those issues did not reach the results and I did not work on the follow-up but I Satafrg her now and I will work on the follow-up to detect thieves of public money."
Al-Abadi called for the formation of a supreme committee to open large files of corruption related to oil contracts and the Arab summit, weapons and electricity, trade in the previous government.
clay01 says to watson1():We are in the process of the reforms as we speak, not a overnight event
_firefly_ says():former oil minister Hussein al-Shahristani,
_firefly_ says():This is recent article folks
_firefly_ says():So ... if neither Hussein al-Shahristani or Maliki is a part of the GOI what do we care what they are saying besides trying their best to cause trouble !!!!!!!!
tman23 says to _firefly_():Rabbit holes........... who was the last oil minister before Mahdi.........Do you know his name without google.... I brought this to point about 2 years ago........
_firefly_ says():Sheesh lol
clay01 says to larrykn():Do you remember that song
larrykn says to clay01():no I'm not old enough :D
_firefly_ says to tman23():LOT's of rabbit holes !
clay01 says to larrykn():(y):D or too old to remember, lol
BGG says to watson1():Shahristani, Maliki - and Baha Araji (wasn't he just brought up on MAJOR corruption charges??) ... all bad actors... with NO CURRENT SAY.
larrykn says to clay01():({):D
clay01 says to larrykn()::)(lol):D
_firefly_ says to tman23():On the tip of my tongue. Just woke up. Can't remember his name
tman23 says to _firefly_():Yea.........the wizard behind the curtain.......the orchestrator......... Abdul Karim Luaibi........He was appointed deputy minister of oil in charge with the upstream operations in 2009, and was in office until 2010.[3]
During his tenure, he was instrumental in securing the oil and gas contracts with international oil companies and other oil-related agreements with neighboring countries of Iraq.........
In December 2010, he was appointed oil minister, replacing Hussain Al Shahristani, to the cabinet headed by prime minister Nouri Maliki........
In March 2016, an investigate report published on the Huffington Post revealed that Luaibi was part of a major corruption ring in the Iraqi oil industry.
The report noted that Luaibi played a role in securing oil contracts for foreign oil companies in exchange for bribes....... Recall all the Maliki threats to Exxon and Chevron back in 2010/2011........
_firefly_ says to tman23():Thanks bud, his name slipped me completely but I remember that incident !
tman23 says to _firefly_():Funny how everyone knows all the names or most of them..........BUT this guy remained out of the media and major news.......yet ..........He acted as the president of OPEC's 162th ordinary meeting which was held in Vienna on 12 December 2012..........AND was the HEAD of IRAQS BIGGEST ASSET.........
_firefly_ says():Remember though, there will always be characters that try to undermine the Government. This is nothing new globally. Happens in the US every day .......... :D
tman23 says():Agree.......either play along and cooperate or end up with an office next to the dumpster........open your mouth and you disappear......... Personally I would play along since 99% are in on the game..........In Iraq, good guys didn't get to finish last.......they either died or fled with their families........
_firefly_ says to tman23():That was right after the Shabibi debacle !
_firefly_ says():BRB, need java refill :)
_firefly_ says():Obama's envoy to Jaafari: Large international meetings soon to provide more aid to Iraq
_firefly_ says():2016/4/7 14:08 Search head of the Iraqi National Alliance, Foreign Minister Ibrahim al-Jaafari, with the special envoy of US President Barack Obama for Iraq Brett Makourk overall security developments, political, and international support for Iraq in its war against Daash terrorist gangs.
A statement by his press office received by all of Iraq [where] that "al-Jaafari met in his office in Baghdad envoy of US President Barack Obama to Iraq, and his accompanying delegation, the two sides reviewed the overall security developments, political, and international support for Iraq in its war against terrorist Daash bands, File reforms which witnessed in the political process.
_firefly_ says():File reforms which witnessed in the political process.
_firefly_ says():He said al-Jaafari that Iraq will exceed the current crisis, and goes on the road to reform, and overcome the lingering political process errors, and achieve the aspirations of the citizens, adding that consultations between the political parties will enhance trust, cooperation, and mobilize national efforts to face the challenges,
noting that "Iraq is making great victories in war against terrorists Daash the efforts of the heroes of his sons, and the support of the international coalition, calling for increasing the international community's support for the Iraqi people in the current circumstances, raise the level of assistance. "
For his part, Brett Makourk envoy of US President Barack Obama to Iraq confirmed the statement said his country continued to support the Iraqi government, and to support efforts in the war effort against terrorist Daash gangs, and the implementation of government reforms,
pointing out that the coming period will witness international meetings to invest more to provide more aid to Iraq , praising the role of the Iraqi national Alliance, and al-Jaafari's efforts in maintaining national unity and overcome the differences, and intersections taking place in the political process.
_firefly_ says():Everyone wants a peice of the pie now lol
_firefly_ says():Interesting
_firefly_ says():Urgent parliamentary economy: budget next year Stakhlu deductions from salaries will include Advances to staff
_firefly_ says():It suggested the economic and investment commission in Parliament, on Thursday, the absence of the 2017 budget cuts to salaries and the allocation of financial Advances to staff, while suggesting a program to support low-income owners to raise the standard of living of citizens.
A member of the committee MP Abdul Salam al-Maliki's (Journal News), that "there is a serious endeavor by the parliament and the government that the 2017 budget will be different from the budgets that preceded the development and support of projects and maximizing the revenue side."
He added that "after the improvement in oil prices and increased crude oil production to more than 4 million barrels per day, the government will resort in the budget in 2017 to raise the proportion of deductions imposed on salaries and allocate financial Advances to staff, plus it will put a development program to support low-income earners through the granting of loans facilitators to raise the standard of living of citizens.
The 2016 budget, which voted on by the House of Representatives earlier this year at $ 95 billion, which included a deduction of 3% of employees' salaries to support the popular crowd. / End / 4 /
_firefly_ says():the 2017 budget will be different from the budgets that preceded the development and support of projects and maximizing the revenue side."
_firefly_ says():Ya think? lol
_firefly_ says():Hmmmm .... Brent closed last night at $39.84.
allinxpress says():(y)
_firefly_ says():Interesting
da58 says to tman23():I cant remember, but didn't kerry give that speech maybe yesterday, with the 3 sort of ultimatums.. of keeping abadi in, passing tecki govt, and reforms.. and consequences if not? I need to go back and read I think.. that made me think he was there already..
tman23 says():Kerry did say that US would support an independent Kurdistan if Baghdad failed to live up to the constitution and the Kurds percentage .......
_firefly_ says():Iraq to set oil price at $32 in 2016 budget BAGHDAD, 0 hours, 44 minutes ago
_firefly_ says():Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official told Reuters.
The new price estimate is based on the continued low level of global oil prices in recent months, said Marwa al-Nasaa, Amman-based IMF resident representative for Iraq.
"We're setting it closer to $30 based on the climate of international futures prices since November," she told Reuters on Thursday.
The adjustment is expected to add about $6 billion to the OPEC producer's budget deficit unless offsetting measures are taken, said the Iraqi official, who requested anonymity to speak about ongoing government deliberations.
Iraq's current budget, which projects oil exports of 3.6 million barrels per day, predicts a deficit of 24 trillion Iraqi dinars ($20.56 billion).
_firefly_ says():"We're setting it closer to $30 based on the climate of international futures prices since November," she told Reuters on Thursday.
Baxter says():its about TIME
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