Oil Expert: Iraq too far from the competition in the control oil prices in the future

Oil Expert: Iraq too far from the competition in the control oil prices in the future

Published in: 6:56 am, February 13, 2013 by ipa 2

BAGHDAD (Iba) .. Ruled out oil expert Hamza Jeweler, control Iraq in oil prices in the future or whatever oil increased productivity.

The jeweler told the independent press (Iba) .. “can not be any oil country whatever its oil production to control oil prices world alone only, noting: that Iraq’s second state in oil production within OPEC after Saudi Arabia, but this site can not of Management in global oil prices in the future as predicted by some international agencies.

“The Iraq too far from the competition for the production of Saudi Arabia which is about 10 million barrels per day either Iraq Vantegh estimated at 2.4 Mellon, which is low compared to the production of the OPEC countries.”

He pointed out that “some countries oil giant has large reserves of oil facing countries in OPEC and there producers and consumers in increasing numbers is what makes demand is controlled oil prices globally.”

He predicted jeweler that Saudi Arabia will not maintain in the future on its oil production, “where will decrease production due to continuous demand either Iraq will increase its production being signed big contracts with international companies and thanks to mechanisms modern will increase its production and export, but will not reach to control oil prices completely.” (End)

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