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Parliamentary Energy: there are political motives behind the deterioration of oil prices
Special / newspaper integrity / faith Qasim - The Commission on oil and energy parliamentary member Ibrahim Bahr al-Ulum said Thursday that "there are political and economic motives and strategy behind them countries and players based in the entire region."
Uloum said in a statement (newspaper integrity) that "these countries focused on the acquisition of stakes in the oil market and thus become of interest to the deterioration of oil prices Btakma of the current supply, and withdrawn from the market will take a long time, and thus prices strong competition between traditional and other oil and between Players foundation in OPEC and the competition between producers in OPEC and outside, such as Saudi Arabia and Russia. "
He continued, "Today there is a state of chaos in the oil market calls for re-unification of the true vision attitudes among OPEC axes and strengthen relations and discussions between the oil-producing countries inside and outside OPEC."
He added that "this battle, if it continues, we will find oil prices reminiscent of the end of the seventies and eighties of the last century and is therefore a national loss to the peoples of the region are constantly falling prices have sharply up to the levels of impact on the overall economic situation in the region."
He went on saying, "thus causing a great day of losses for the producing countries is difficult to retrieve and these peoples live off the wealth and protection become an essential task of the consolidation of the political situation between OPEC countries and the consideration of this policy is feasible for its members."
He pointed out that "Iraq is one of the producing countries and affected by the deterioration of oil prices and there is a significant role for Iraq in this issue is the reunification of diplomatic relations and minimize the impact of this matter through the consolidation of positions between the oil-exporting countries and can be boxed balanced role in OPEC countries outside OPEC," noting that "the Iraqi diplomatic must have an active role in this matter because it is not limited to the loss of a month or two, but paint the future dimensions of the Iraqi economy," .anthy 9
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