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Iraq should not rely on current oil price in setting next year budget: Al-Abadi

The outgoing Prime Minister Haider Al-Abadi

The outgoing Prime Minister Haider Al-Abadi, warned that the global crude oil prices are unstable and should not be relied upon in setting Iraq’s general budget for the coming year 2019.

"Beware of the currenty oil prices, they are unstable and dangerous,” Al-Abadi said at his weekly press conference on Tuesday, noting that "the current price of oil is much higher than its price in previous years."

Al-Abadi announced he is not leaving the political scene, a statement from Abadi’s office late Thursday suggested.

Last Modified: Wednesday، 24 October 2018 12:42 PM