Iraqi PM warns falling oil price could hurt fight against Islamic State




 
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January 22nd, 2015  
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Topic: Iraqi PM warns falling oil price could hurt fight against Islamic State


By Warren Strobel and Andrew Osborn LONDON (Reuters) - Iraqi Prime Minister Haider al-Abadi said on Thursday he feared lower revenues from falling global oil prices could hurt his country's military campaign against Islamic State. Speaking after attending a meeting of members of the U.S.-led coalition against Islamic State in London, Abadi appealed for more training and equipment for his military. He said Iraq's economy had been hard hit by the oil price slump. Iraq's economy and budget relies 85 percent on oil and this has been disastrous for us," he told a news conference.




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