Thursday, January 27, 2011

1-27-11 Council of Ministers approved amendments to the budget and transmit the power plant of 500 MW for the Korean company

Highlights/Thoughts
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1. The Council of Ministers approved the amendments to the draft budget for 2011
2. The price of oil to be used is $76.5 and 2.2 million barrels per day
3. The Council authorized the PM and the Minister of Defense to negotiate with the US the first installment of the contract for the purchase of F16 aircraft
4. The Council also authorized the PM or the Minister of Commerce the power to sign contracts for the purchase of ration card

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