Iraq's Parliamentary Finance Committee announced that Iraq will reduce the selling price of oil barrel in the 2015 federal budget from $60 to $56 per, according to Shafaaq News.
Earlier, Iraq’s oil minister Adel Abdel Mahdi said, in an exclusive to Mubasher, that his government will cut state budget for the fiscal year 2015 to $100 billion from $140 billion.
Source:
Mubasher