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

Prime Minister Haider al-Abadi. (Reuters)

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.

Last Update: Wednesday, 20 May 2020 KSA 09:50 - GMT 06:50