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And former oil minister: Iraq will not be within the OPEC agreement for the year 2014

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player46


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And former oil minister: Iraq will not be within the OPEC agreement for the year 2014

July 14, 2013, 3:31 pm


Ruled out the former oil minister and oil affairs expert Ibrahim Bahr al-Ulum said Iraq should be under the Convention to reduce OPEC's market share in 2014 vernacular.

Bahr al-Ulum said in an interview transferred reporter "Iraqi news agency" that: "There are sophisticated techniques and leadership oil production and is still the market need for OPEC oil, especially the East Asian region, stressing there is no fear of reducing Iraqi production"

He ruled that "Iraq will be within the Convention on OPEC and so for economic reasons and because of historical factors that went through during the last period," he added, "It does not have any problematic current to put Iraq's future oil production despite the increase in production shale oil and gas."

He said the "international agreement confirmed in a report last year that the requirements of the world's growth will depend on the Iraqi oil بنسة the 45% in the coming years."


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