Oil and Finance Ministers on 2027 Budget and Oil Prices

The Iraqi Ministers of Oil and Finance discussed how to determine the price of a barrel of oil and the procedures related to preparing the 2027 budget, with a focus on stabilizing contract prices and strengthening the organization of administrative and employment matters in the oil sector. They also agreed to continue coordination between the two ministries to ensure the budget is prepared in accordance with the approved legal frameworks, in line with market and economic changes.

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