Home
Iraq's fundamental role in shaping the next OAPEC policies
Signals reassuring power of the Conference of the Arab X
BAGHDAD - Hussein al-Tamimi Tgb
Held in the capital of the UAE (Abu Dhabi) recent annual conference of the OAPEC (Organization of Arab Petroleum Exporting Countries) on the sidelines of the tenth Arab Energy Conference. Fetcher and the attention this time of the Arab Ministerial crowd and good remarks about the future of the Arab cooperation in subjects effects of fossil energy and the future of oil prices, tempered Conference of the effects of low prices through which the international oil industry today.
The honored oil expert Mustafa Abdul-Hussein al-Maliki said: OPEC market left as it is at the level of 30 million barrels per day, without reduction which seems to be required will not happen to the presence of other players outside the organization treatment will not fail to do so they have to compensate the shortage spawned by such a move.
Professional and realism
Maliki said in an interview for the "morning" was Iraq's importance and consideration at the next policy for the region and cooperation is expected between the oil-exporting Arab countries, especially after the professional and realism shown by Iraq's oil minister as head of the conference when he noted tune Iraq with the quiet and balanced policy pursued by state actors in OPEC not to cut and waiting for the outcome of the coming months of the year in 2015, especially after the market indices during the past two days, a slight rise of the price per barrel.
He added that despite the momentum of the Arab to demonstrate cooperation and coordination with Iraq, according to numerous statements of Gulf Energy officials responded Iraq with Arab politics within OAPEC about seeing prices, but that is what makes the Arab position, especially to countries like Saudi Arabia, Kuwait and the UAE is different than in Iraq is successful economic policies size for those states in providing returns large sums of money to strengthen and diversify national economies on a variety of ranges of time while (unfortunately) missed a chance abundance Iraq oil boom since the year 2009 is feasible in economic policies.
Maliki pointed out that game prices are governed by multiple policies based on crude sources, and kind, and the cost of extraction in addition to the economic growth of the consuming countries, and the size of the demand and supply of crude, and speculation in the market and stocks, especially which is owned by the United States, which has become one of the active states in the export field rather than consumption because of the giant fields that require special extract almost be expensive compared to conventional crude produced by OPEC diameters and some players outside the organization, such as Russia and Mexico techniques shale fuel.
He continued to Ali Larkin to one of the most important principles upon which it relied OPEC policy to create a balance between the producer and the consumer as well as leaving a global supply and demand, in turn, are based on keeping that balance.
The future of energy
On the future of power in Iraq, he said: There are several new factors have occurred after a thorough report by the International Energy Agency in 2012 about the prospects until 2035 and the possibility of taking the $ 5 trillion from rising exports, as the agency predicted the possibility of access to power six million barrels in Today the year 2020 and 8.5 per barrel end of the forecast period a year 2035 (according to the agency estimates for the price of more than $ 120 a barrel by the agency estimates), which can contribute to the strengthening and diversification of the Iraqi economy while ensuring the efficient and proper use of these financial returns.
Maliki said should be taken into account now an update of factors entree subject of costs arising from the budget confront the terrorist threat and the burden is expected for the coming years in the confrontation and the crowd in addition to the likelihood of decline that returns a result of the uncertainty caused by the difficulty of establishing the perceptions of a scene in prices over the coming years and expected volatility, with blurred image on the future of the relationship between the center and the ambitions and plans for the region, which often Manbh report her up in the dialogues and seminars held during the preparation of that report.
Maliki and concluded that talking about just a new price of between $ 60- $ 70 a barrel (after it was when the $ 90 is the former price before the current deterioration of prices) is necessary to establish development plans first goal of diversifying the Iraqi economy is not based on the abundance that brings the expected prices Year preparation of the report (this may become things difficult to verify), but reliable scientific realism to such a circumstance may extend for an indefinite period, but further rationalization policies and the creation of social and economic atmosphere copes with a new policy.
[You must be registered and logged in to see this link.]
