Publications
Partners
London - Iraqi prime minister Haider al-Abadi said on Thursday the drop
in the global oil price was disastrous for his country's finances and
could hurt its ability to fight Islamic State militants.
"Oil prices have dropped to about 40% of their level last year. Iraq's economy and budget relies 85% on oil and this has been disastrous for us," he told a news conference in London after a meeting of the US-led anti-IS coalition.
"We don't want to see a reverse of our military ... due to our fiscal and budget problems."
"Oil prices have dropped to about 40% of their level last year. Iraq's economy and budget relies 85% on oil and this has been disastrous for us," he told a news conference in London after a meeting of the US-led anti-IS coalition.
"We don't want to see a reverse of our military ... due to our fiscal and budget problems."
