Iraq’s cabinet to vote on oil’s reference price in the budget next week: lawmaker

The Iraqi government is expected to vote on oil’s reference price in the 2023 budget in its next meeting, lawmaker Ali Saadoun al-Lami said on Friday.

“The cabinet has already discussed the reference price of oil in the budget,” al-Lami told News Agencies, “a vote on the bill is expected to take place next week.”

“The cabinet will establish a crude oil reference price of $55-60,” he said, “it will be decided in the cabinet meeting in mid-next week.”