MIDDLE EAST of foreign exchange . That means anything from infrastructure to health and education . “ Though the cost of production , and the social burden vary from country to country , with costs typically under $ 20 a barrel , most Middle East countries claim there is about $ 50 per barrel social burden . This means that , for most of the countries , $ 60-80 is their breakeven point .”
So at the current prices , fluctuating between $ 40 and $ 50 per barrel , something has to give , as manifested in the June decision to shelve the 11 regional football stadia that Saudi Arabia is planning to build . “ They are also sweating their facilities to get more out
“ Though the cost of production , and the social burden vary from country to country , with costs typically under $ 20 a barrel , most Middle East countries claim there is about $ 50 per barrel social burden ”
– Jay Ibrahim , President , Engineering and Europe , Middle East and North Africa .
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