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Oil Minister: We will ask assurances from Iran about the stability of oil market
On: Thu 1/19/2012 7:49
□ Baghdad / term (Reuters) -
Oil Minister Abdul Karim and coffee, who took the rotating presidency of the Organization of Petroleum Exporting Countries said he would visit Iran to discuss the stability of the oil market and will be required assurances from Tehran on the careful protection of shipping lanes and oil supplies.
The news agency (Reuters): The statements and coffee came in a reference threats to Iran to halt oil shipments
In the Strait of Hormuz if the West to impose sanctions on its oil exports.
said coffee: I will go to Iran to urge the brothers there to issue reassurances important and true that everyone is keen to protect the waterways and the protection of the extraction and the production and export of crude oil in the region.
"Other than that anything else will have an impact on the the level of the whole world and will affect the global economy.
and added to coffee, according to (news) that the statements by Iranian officials about the closure of the Strait of Hormuz will affect the export of oil is not only in Iraq but to seven other countries overlooking the Gulf, stressing that it will go tomorrow to Iran for talks on developments in Thread and the creation of assurances from the Iranian side not to close the strait.
He continued to coffee during its review of the achievements of the ministry for years to eight years: that Iran's threats are not new for us, and that Iraq is not alone in affected will close the Strait of Hormuz but there are seven countries bordering the Gulf will be affected by closure, including Iran and the all exports of these countries or most of the passes through the Strait of Hormuz, explaining that the Strait of Hormuz is very important and has a direct impact on oil exports
and said defect is that it will go on Thursday to Iran for talks with Iranian officials on the closure of the Strait of Hormuz, indicating that it will take the assurances from Iran exporting countries oil, which lies on the Straits not to closure, and continued, that all nations eager to protect the waterways and the protection of oil extraction, production and export of crude oil from the region, and that the closure of the Straits negatively and will be reflected at the level of the whole world. He Laibi that OPEC emphasizes the lack of mixing policy, the oil that the oil commodity mission and strategy is influenced by the citizen and the global economy directly, adding that OPEC members are very keen on the stability of production and price stability, which is to ensure that the global economy.
The statements come amid escalating dispute between the U.S. and increasing fears that Iran's progress on closure of the Strait of Hormuz, which issued some 30% of the oil through it, and the center of maneuvers and Iranian threats to close the Straits of San Iranian Vice President Mohammad Reza Rahimi to close the strait if the imposed economic sanctions
and the Strait of Hormuz is one of the most important waterways in the world and the movement of ships and is located in the area Persian Gulf watershed between the waters of Persian Gulf on one side and the Gulf of Oman and the Arabian Sea and Indian Ocean on the other hand, it is the only sea port of Iraq, Kuwait, Bahrain, Qatar, overlooking it from the north of Iran Province Bandar Abbas, on the south by the Sultanate of Oman Musandam Governorate, which oversees the maritime traffic which corridor as the ship comes within its territorial waters and width 50 km and a depth of 60 meters, and is a conduit between a third and 40% of the oil transported by sea in the world.
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