.
.
.
.
Language

Iraqi PM: Oil prices not high enough to be spent on development

Prime Minister Haider al-Abadi speaks with U.S. Secretary of State Rex Tillerson (not pictured) in Baghdad, Iraq October 23, 2017. REUTERS/Alex Brandon/Pool
Prime Minister Haider al-Abadi. (Reuters)

Iraqi PM: Oil prices not high enough to be spent on development

Followed Unfollow

Reuters, Baghdad

Published: Updated:

Oil prices are not high enough for Iraq to spend revenues on development, state television quoted Prime Minister Haider al-Abadi as saying in a news conference on Tuesday.

"Oil prices are not at the required level to be used for sustainable development," state TV quoted him as saying.

Get the latest stories from AlArabiya on Google News
Editor's Choice
Heavy rain causes flooding across Saudi Arabia as snow envelops Ha’il, ‘Asir  Heavy rain causes flooding across Saudi Arabia as snow envelops Ha’il, ‘Asir 
Ramadan from around the world: Muslims celebrate with prayer, reflection, food Ramadan from around the world: Muslims celebrate with prayer, reflection, food
Top Content
Confusion around the death of Hejazi: Iran’s general in Yemen, Lebanon, Venezuela Confusion around the death of Hejazi: Iran’s general in Yemen, Lebanon, Venezuela
ISIS-linked group in Egypt claims execution of Coptic Christian, 2 others ISIS-linked group in Egypt claims execution of Coptic Christian, 2 others
No one who received Sinopharm vaccine doses has died of COVID-19 in Abu Dhabi: Study No one who received Sinopharm vaccine doses has died of COVID-19 in Abu Dhabi: Study
Heavy rain causes flooding across Saudi Arabia as snow envelops Ha’il, ‘Asir  Heavy rain causes flooding across Saudi Arabia as snow envelops Ha’il, ‘Asir 
Over 150,000 Russian troops massed on Ukraine’s border, Crimea: EU’s Borrell Over 150,000 Russian troops massed on Ukraine’s border, Crimea: EU’s Borrell
Syrian opposition’s Michel Kilo dies in exile in Paris of COVID Syrian opposition’s Michel Kilo dies in exile in Paris of COVID
Before you go
Face to face with ISIS - Al-Hawl Camp - Episode 11
Face to face with ISIS - Al-Hawl Camp - Episode 11
Explore More