Iraq excludes low oil prices to less than $ 100

28/02/2012 12:19

Iraqi OilBaghdad, February 28 (AKnews) – ruled out the Iraqi Oil Ministry Federal, Tuesday, oil fell to less than $ 100 during the current year due to political crises experienced by the Middle East. said Director General of Oil Marketing Company (SOMO), Falah al-Amiri told the Kurdish News (Rn) that “Asaralinvt prevailing now can not have to go down to below the $ 100 per barrel due to increasing international need it.” and added that “the political situation in the region, particularly the problems the U.S. and Europe with Iran do not affect the House of Commons on the international oil prices,” noting that “This is according to political drawn by OPEC that Iraq is an active member in it.” He pointed out that “The oil ministry is working on the diversity of the market for Iraqi oil, as well as organizing its relationship with the oil markets, Asian and European.” The Iraqi government announced that it decided to develop alternatives to the Strait of Hormuz to transport crude oil to customers around the world, after increasing tensions in the region and Iran’s threats to close the strait that was imposed sanctions on its oil exports. and agreed EU countries last month to ban gradually Iranian oil, and the imposition of sanctions on Bank Tehran’s central cut funding for the its nuclear program, a move that threatened Iran close the Strait of Hormuz, the vital response to them if taken. and Iraq is the most prominent losers of the closure of the Strait as it passes about 1.7 million barrels per day of oil the country of Hormuz of the total 2.2 million barrels Iraq is exported daily, but the government says have alternative plans. From: Jafar Allonan, the Open: Peace Baghdadi