Govt. gives priority to investments, services – MP

BAGHDAD / IraqiNews.com: The Iraqi government will give priority to investment and services projects in its budget for 2010, a member of the parliamentary oil and gas committee said Tuesday. “A price of $60 a barrel for Iraqi oil will allow an investment dimension in the 2010 budget,” Abdulhadi al-Hassani told Iraqi News. “This is the highest price that the government can employ for budget purposes,” he said. He pointed out that current oil prices are around $70 a barrel, adding they are not expected to fall below $60 U.S. dollars. MH (P) / SS 1