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D. Uloum: Falling U.S. crude does not affect the price of Iraqi oil
Date: Saturday 09/29/2012 07:56 pm
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BAGHDAD - A citizen
Said former Oil Minister Ibrahim Bahr al-Ulum, that the decline in the prices of oil futures contracts and the price of U.S. crude oil does not affect the price of Iraqi oil.
Uloum said the Agency news that the fall in market prices of oil and international engagements futures crude oil with the global result of exposure to the pressure rising U.S. dollar do not affect the prices of Iraqi oil. Confirmed: that the decline in global prices do not require any fear on the prices of Iraqi oil does not harm domestic oil prices Iraq.
He added: to increase Iraqi oil production continued and the environment of the large oil product made from Iraqi oil not affected by any setbacks to world prices.
He continued: that any setbacks in Alasaralaalmih occur this year or the coming years does not affect Iraqi oil as a result of the work to increase oil product on Tuzaa and stability and compensate for falling prices.
It is worth mentioning that the price of U.S. crude dropped from (1.06) to $ (91.83) dollars a barrel, while landed futures Brent crude (1.02) to $ (110.40) dollars a barrel and affected some oil-producing countries in the global market for oil
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