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Adel Abdul-Mahdi: We aspire to re-export oil through Saudi Arabia
Khandan - The Iraqi Oil Minister Adel Abdul Mahdi, Iraq with Saudi policy regarding the decision of the Organization oil-producing countries (OPEC), at its meeting in Vienna on November 27 last, not to cut production and left the reins of prices, however the market. He said Abdul-Mahdi said in an interview for the newspaper «Middle East» that he was at the meeting Ryan address the decline in oil prices, first presented by Saudi Oil Minister Ali al-Naimi, while the other proposal presented Algerian Energy Minister Youcef Yousfi. The viewpoint Naimi dubbed Abdul-Mahdi, "the Saudi theory" based on leaving prices fall to an end with him out of the market every marginal producers who need to price oil high to continue their production, and thus get rid of (OPEC) of surplus without loss of one barrel of market share . The Algerian proposal was based on a play (OPEC) to reduce the 5 per cent of its production, equivalent to about 1.5 million barrels a day. He also expressed Abdul-Mahdi expressed interest in dialogue with Saudi Arabia about a lot of important files, including his hope in the return of Iraqi oil exports from Saudi ports through the Saudi - Iraqi tube, which closed after the second Gulf War in 1990.
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Khandan - The Iraqi Oil Minister Adel Abdul Mahdi, Iraq with Saudi policy regarding the decision of the Organization oil-producing countries (OPEC), at its meeting in Vienna on November 27 last, not to cut production and left the reins of prices, however the market. He said Abdul-Mahdi said in an interview for the newspaper «Middle East» that he was at the meeting Ryan address the decline in oil prices, first presented by Saudi Oil Minister Ali al-Naimi, while the other proposal presented Algerian Energy Minister Youcef Yousfi. The viewpoint Naimi dubbed Abdul-Mahdi, "the Saudi theory" based on leaving prices fall to an end with him out of the market every marginal producers who need to price oil high to continue their production, and thus get rid of (OPEC) of surplus without loss of one barrel of market share . The Algerian proposal was based on a play (OPEC) to reduce the 5 per cent of its production, equivalent to about 1.5 million barrels a day. He also expressed Abdul-Mahdi expressed interest in dialogue with Saudi Arabia about a lot of important files, including his hope in the return of Iraqi oil exports from Saudi ports through the Saudi - Iraqi tube, which closed after the second Gulf War in 1990.
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