I want to dispel the “intel” concerning the floor of sustainability for crude oil prices. The current budget calculated everything based on $40 a barrel. Iraq is in no way in the danger zone with $65 per barrel oil, however, it will definitely slow the pace to about half speed on secondary projects as the primary projects are progressing quickly and all secondary upgrades have been placed on hold. Iraq does NOT need a revalued Dinar to keep the work moving forward…
Fnu Lnu
