Out of bounds
exporting 4 million barrels of oil to Europe,
quoted a senior official as saying on Saturday that Iran would ship four million barrels of crude oil on tankers bound for Europe during the twenty-four hours the next.
And the relocation of the Iranian Ministry of Oil on the Internet (Shana) for Rukn al-Din Javadi Director of the national Iranian oil company as saying: "during the twenty-four hour ahead will be loaded four million barrels of crude oil on three tankers bound for Europe.
" of the four million of these million barrels a private company Total of France and two million barrels will buy two companies in Russia and Spain. " Kuwait expectations of higher oil prices predicted CEO Petroleum Corporation Kuwait International Bakhit Rashidi, on Saturday, that oil prices will rise gradually to between $ 50 and $ 60 in the middle of next year. he said Rashidi told Kuwait news Agency "KUNA" "the world oil market is undergoing a correction where we got to the bottom and reached the price of oil to its lowest level in the past decade, "explaining that the reasons for multi-drop notably a surplus in the market of oil in addition to weak demand in Asia in general and China in particular. and that market is saturated now and therefore will rise gradually until it reaches $ 50 and will not have to rise sharply, as happened in 2003 and 2004. Asked for "KUNA" about the possibility that oil prices will go beyond the barrier of $ 100, Rashidi ruled that out, saying, "We could get to the range between $ 60 and $ 80 price, but we need to three years." . Delhi Government Modi failed to boost investment former Indian Prime Minister Manmohan Singh criticized in a rare interview government of current Prime Minister Narendra Modi for failing to exploit the low commodity prices to promote economic growth also criticized the policy contradictory to neighboring Pakistan. Singh said the magazine India Today that the Government of Modi must to exploit the improved financial situation in India to promote investment in the economy and increase the availability of credit to companies. said Singh, who is considered the architect of economic reforms in India, which led to years of rapid growth-that the government has not been able to benefit from lower oil prices and commodity prices, which has reduced the Indian import bill .Nicosia high rate of economic growth was able to Cyprus, a member of the euro area to achieve higher economic growth rate has since 7 years, through 2015, which reveals a high rate of growth in the manufacturing, construction, trade, hotels and restaurants, transport and financial services industries.According to the National Bureau of statistics in Cyprus that the gross domestic product of the island rose by 0.4 per cent, during the fourth quarter of last year, compared with the previous quarter. the finance minister said the Cypriot, Harris Georgiades, who take advantage of his government of a plan to help, said the figures show the course of the Cyprus economy on the road to improvement, as quoted by AFP.