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Iraq needs new vision to counter oil price drop

Iraq needs new vision to counter oil price drop


Iraq’s Prime Minister Haider al-Abadi stressed on the importance of developing the oil sector as it represents the most important source of revenue for the country.


The drop in global oil prices negatively affected Iraq’s revenues, he added, highlighting that the country needs a new vision to face these challenges.


Speaking on the sidelines of the meeting held to discuss the possible ways to increase oil production, the Prime minister noted that the Ministry of Electricity has to work hardly to provide the amount of electricity needed for the summer season.