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Al-jubouri Adviser for Energy Affairs: decision of the OPEC production cuts would hurt after the Iraqi economy
2014-11-30 10: 33
Tomorrow press Baghdad, said House energy Harsha, Sunday, OPEC's decision not to cut production without the 31 million barrels would hurt the Iraqi economy, as experts forecast that the resolution behind political files.
Fayad said for "tomorrow," "the Iraq depends mainly in greater proportion to export crude oil to strengthen budget and develop its economy and falling oil prices, had to be designed with specific energy supports the export of Iraq's oil, the OPEC decision to cut production is not llaada will cause loss to Iraq."
Fayad said that "the Iraqi Government and specifically the oil Ministry plans to export alkimat to fill the loss of basics of falling prices", stating that "the Organization and by the statements regarding the failure to reduce production without the 31 million barrels came due to undermine oil production rock in America rejected the Saudi decision to cut production."
He said an expert on oil Affairs Majid Hamzah sector include for "tomorrow," "the cartel is a compression process on a number of members including Russia, Iran and Saudi Arabia and the United States to make most members did not agree with the decision of the reduced production," pointing out that "the decision certainly substantial economic consequences will be affected by the need to promote economic growth, including Iraq."
OPEC decided not to cut production of 31 million barrels, after Saudi Arabia, OPEC's largest exporter to cut output, causing the drop in oil prices to $ 66.
The investing site specialising in oil prices, the oil price after OPEC decision reached 66, 6 dollars, adding to a decline below that price in the next few days.
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2014-11-30 10: 33
Tomorrow press Baghdad, said House energy Harsha, Sunday, OPEC's decision not to cut production without the 31 million barrels would hurt the Iraqi economy, as experts forecast that the resolution behind political files.
Fayad said for "tomorrow," "the Iraq depends mainly in greater proportion to export crude oil to strengthen budget and develop its economy and falling oil prices, had to be designed with specific energy supports the export of Iraq's oil, the OPEC decision to cut production is not llaada will cause loss to Iraq."
Fayad said that "the Iraqi Government and specifically the oil Ministry plans to export alkimat to fill the loss of basics of falling prices", stating that "the Organization and by the statements regarding the failure to reduce production without the 31 million barrels came due to undermine oil production rock in America rejected the Saudi decision to cut production."
He said an expert on oil Affairs Majid Hamzah sector include for "tomorrow," "the cartel is a compression process on a number of members including Russia, Iran and Saudi Arabia and the United States to make most members did not agree with the decision of the reduced production," pointing out that "the decision certainly substantial economic consequences will be affected by the need to promote economic growth, including Iraq."
OPEC decided not to cut production of 31 million barrels, after Saudi Arabia, OPEC's largest exporter to cut output, causing the drop in oil prices to $ 66.
The investing site specialising in oil prices, the oil price after OPEC decision reached 66, 6 dollars, adding to a decline below that price in the next few days.
[You must be registered and logged in to see this link.]
