Home
Economist: Iran framework agreement will not affect the global oil markets
4/4/15
Iran owns 9% of the world's oil reserves, in addition to possessing a broad industrial base, and represents the oil and gas Iran has one of the most important factors and influences in the nuclear deal.
After the Framework Agreement on Iran's nuclear program, the agreement and the conclusion of the initial agreement, between Iran and the countries (5 +1) on the reduction of Tehran's nuclear ambitions, in exchange for a reduction in part of economic sanctions on Iran, and with repetition sit around the table to reach an agreement entirely end the crisis, which has long shed the region and the world in general.
In this regard, a professor of economics at the University of Sulaymaniyah Mohammed Rauf happy, he saw that "Iran's oil countries in the sense that a large part of the economy depends on the export of oil, but at the same time, Iran, unlike other oil producing countries, it has a diversified economic potential of industrial and agricultural Kaloncth addition to the tourism potential too. "
He said Mohammed Rauf, during a special statement PUKmedia, today Sunday, 05/04/2015, "The agreement will be signed on 30 June between Iran and the five key Member States of the United Nations plus Germany (5 + 1), but this time they a framework agreement. "
And Professor of Economics, that "the process of implementation and application of the terms of the agreement will take a long-term from 10 to 15 years for some of its provisions, while the application of other items for up to 25 years until that Iran could return to the international community."
With regard to the impact of the Iranian and Western nuclear agreement on global oil prices, has confirmed Mohammed Rauf, that "the impact of the agreement on the price of oil is very little because Iran does not export only small quantities of crude oil, compared to the total oil exports and the total is displayed in the deep oil markets about 80 million barrels per day, at a time that Iran does not export only 2 million barrels of crude oil per day, in the sense that this agreement and that was her Tatertha to increase Iranian oil exports, the Tatertha little on oil prices in the global markets. "
[You must be registered and logged in to see this link.]
