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Oil Expert rules out retreat importers of Iraqi oil after the Iranian oil market recovery

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tlm724

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Oil Expert rules out retreat importers of Iraqi oil after the Iranian oil market recovery

21/01/2014 08:55:00

BAGHDAD / NINA/ An oil expert, Abdul-Karim al-Tai ruled out decline of the Iraqi oil importers as a result of open Iranian oil market .

Tai said in a statement to the National Iraqi News Agency / NINA / "The U.S- Iran convergence in the oil sector and easing sanctions and the opening of the market to the Iranian oil will not affect the Iraqi oil market," stressing that" Iraq is one of the founding countries of OPEC and an active member and will not hurt by the Iranian oil market . "

He added , "Iraq has its oil market and its importers from European and Arab countries and Iranian market will not attract the European countries that are dealing with Iraq."

Tai continued that what the world is witnessing of waves of cold that will increase the demand for the Iraqi oil and increase prices and maintain world oil prices.

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