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Iraq: We will increase our exports of oil
07/14/2015
It confirmed the Iraqi Oil Ministry, on Tuesday, it will increase Iraq's oil exports to compensate for the expected decrease in prices after Iran's nuclear agreement announced today.
BAGHDAD / obelisk assured the Iraqi Oil Ministry, on Tuesday, it will increase Iraq's oil exports to compensate for the expected decrease in prices after Iran's nuclear agreement announced today, as pointed out that ambitious producing countries is that prices are between 70 to 80 dollars per barrel .
He said ministry spokesman Assem Jihad told I followed "obelisk", "The nuclear agreement Iran will enable Iran to pump large quantities of oil to compensate part of the losses incurred over the past years," noting that "increasing Iran's oil exports will increase the supply versus demand and thus it will affect the drop in oil prices more. "
Jihad said that "the drop in prices will be reflected on the Iraqi revenue and budget for Iraq public," noting that "The ministry continues to achieve further increases oil exports after Iraq achieved the highest rate in the past month to minimize the damage to the federal budget because of the price drop expected in the coming period."
Jihad and pointed out that "the oil market is still suffering from many orgasms as a result of many factors, including factors outside OPEC political and some of them and that these prices will rebound again and that needs time," pointing out that "the ambitious producing countries is that prices are what between 70 to 80 dollars per barrel at this stage to say the least. "
And reached Iran and the six major powers on Tuesday (July 14, 2015), a landmark nuclear deal that would ease sanctions on Tehran in exchange for curbing its nuclear program, it is expected to allow the agreement to increase Iran's oil exports significantly.
Oil prices have fallen about 60 percent since it peaked last June 2014 with a higher supply of shale oil supplies from North America and slowing demand.
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07/14/2015
It confirmed the Iraqi Oil Ministry, on Tuesday, it will increase Iraq's oil exports to compensate for the expected decrease in prices after Iran's nuclear agreement announced today.
BAGHDAD / obelisk assured the Iraqi Oil Ministry, on Tuesday, it will increase Iraq's oil exports to compensate for the expected decrease in prices after Iran's nuclear agreement announced today, as pointed out that ambitious producing countries is that prices are between 70 to 80 dollars per barrel .
He said ministry spokesman Assem Jihad told I followed "obelisk", "The nuclear agreement Iran will enable Iran to pump large quantities of oil to compensate part of the losses incurred over the past years," noting that "increasing Iran's oil exports will increase the supply versus demand and thus it will affect the drop in oil prices more. "
Jihad said that "the drop in prices will be reflected on the Iraqi revenue and budget for Iraq public," noting that "The ministry continues to achieve further increases oil exports after Iraq achieved the highest rate in the past month to minimize the damage to the federal budget because of the price drop expected in the coming period."
Jihad and pointed out that "the oil market is still suffering from many orgasms as a result of many factors, including factors outside OPEC political and some of them and that these prices will rebound again and that needs time," pointing out that "the ambitious producing countries is that prices are what between 70 to 80 dollars per barrel at this stage to say the least. "
And reached Iran and the six major powers on Tuesday (July 14, 2015), a landmark nuclear deal that would ease sanctions on Tehran in exchange for curbing its nuclear program, it is expected to allow the agreement to increase Iran's oil exports significantly.
Oil prices have fallen about 60 percent since it peaked last June 2014 with a higher supply of shale oil supplies from North America and slowing demand.
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