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| Kuwaiti newspaper describes the re-pricing of Iraqi oil as "reckless step" and expects a "crisis |
Alsumaria News / Baghdad
attacked the newspaper " Al Rai" Kuwait on Sunday, the decision of Iraq judge to re - pricing of crude oil in Asia , describing it as a move "reckless and ill - considered," as expected "crisis" between Iraq and its customers in the Asian market occurs.
The newspaper said in a report issued today, quoting sources, that "the Iraqi decision to re-pricing oil according to a new equation, is a surprising step to the market, and reckless and ill-considered," noting that "may result in losses of market share."
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[You must be registered and logged in to see this image.]Reuters: Iraq plans to change the benchmark price for Basra crude in defiance of Saudi Arabia's role
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[You must be registered and logged in to see this image.]Kuwaiti newspaper reveals non-cash payment mechanism for Kuwait's compensation to Iraq
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She added that " the decision to go into the question of the new pricing, and despite the difference in pricing used in the market equation ( Oman / Dubai ) for the benefit of the new pricing for Iraq on the Dubai bourse only equation , but the difference remains very simple, but part of the market share has become of the past "He said.
"The other important thing is that this step required more study and consultation with customers, which is not actually done by Baghdad, and has been expressed by a number of customers Asian market," saying that "changing the method of pricing in such a hasty way And non-prudent may create a crisis between Iraq and its customers. "[/size]
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