Government announces reduction in the price of a barrel of oil to $ 55 budget to make it closer to the reality of global markets Tuesday January 27, 2015 - 15:38 Write a comment The spokesman for the Prime Minister's Office tributary Jabouri, on Tuesday, the cabinet decided to reduce the price of a barrel of oil in the estimates of the budget law to $ 55 instead of $ 60, while noting that such a reduction is necessary to make it closer to the reality of global markets. Jabouri said in a statement briefed Radio tow a copy of it, if the price of a barrel of oil in the estimates of the budget law has been reduced to $ 55 instead of $ 60. He Jabouri, that such a reduction is necessary to make Iraqi oil prices closer to the reality of global markets and facilitate passing the budget law.