Member of the Committee on Energy: OPEC will allow Iraq to export (5) million barrels of oil per day
On: Saturday 19/05/2012 11:50
Baghdad (news) .. A member of the Committee on Energy and Oil MP / mass change / Bayazid Hassan, for negotiation and the Ministry of Oil with the Organization of Petroleum Exporting Countries on the determination of the amount of Iraqi oil exported to the outside, likely that it will allow Iraq to export (5) million barrels of oil a day at the latest so as not to affect world oil prices .
said Hassan (of the Agency news) on Saturday: that Iraq has reserves a significant oil, which made him influential in the global markets and ahead of all the oil producing countries such as Iran and became the second country after Saudi Arabia in terms of production and oil reserves in OPEC. He added that Iraq has a weight of oil in OPEC, making the organization is negotiating with Iraq on the determination of quantity exported of oil so as not to affect the price of oil in OPEC, noting it would allow Iraq to export (5) million barrels of oil per day maximum, according to what is owned by Iraq, now oil reserves, because export amount more than the figure mentioned will lead to a decline in the price of oil in the OPEC basket. It is noteworthy that OPEC is a global organization with Atnaashrh oil country, and have the Member States in this organization (40%) of global output and (40%) of the world’s oil reserves, has was founded in Baghdad in (1960) by Saudi Arabia, Iran, Iraq, Kuwait and Venezuela, based in Vienna, and you view about (28) million barrels of oil a day. / Finished / 8. d. Q /