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U.S. newspaper: Iraq sets oil prices in the world in the future
Ali Aldhargam - 02/04/2013 - 1:34 pm | Hits: 63
U.S. newspaper saw that increase oil production in Iraq could determine the future of oil prices in the world.
The newspaper "The Washington Times" reported "that" increase oil production in Iraq could determine the future of world oil prices in the coming years, especially after the lifting of Iraq volume of production last year, bringing in December to 3.4 million barrels per day. "
The American newspaper suggested that "Iraq may be the only country in the world which still contains large amounts of crude oil, which does not require expensive equipment for extraction, as it close to the occupation of the first rank as the largest oil exporter in the world."
She said, "Perhaps one of the most important reasons for the existence of this type of oil in Iraq, is a long war and economic sanctions on the country, which has maintained the presence of oil without being touched by a".
The Iraqi government plans to raise the country's oil production to average 3.7 million barrels per day during the current year 2013, according to what he said Iraqi Oil Minister Abdul Kareem Luaibi in Vienna recently.
Iraq is trying, along with many oil-producing countries in the world, to take advantage of high prices for oil, especially with the sanctions imposed on Iran, which led to a significant reduction in oil supplies to the markets.
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