Economy News Baghdad :
He expressed the Minister of Oil Abdul - Jabbar Allaibi, Tuesday, for optimism successfully the policy of the Organization of Petroleum Exporting efforts to control the prices of oil in the market world, stressing the time himself to continue the decision to reduce production is subject to commission control prices , which will determine its position during the conference " OPEC " to be held in July next .
He said Allaibi in a statement to the newspaper " Al- Sabah " , and seen by the " Economy News " , " We are optimistic about the policy of OPEC , especially in what regards Eduard control over the prices of oil in the market world, and we have a desire in coordination with them in this area according to the visions of common, but re - consider the decision to reduce production is due to the committee monitoring prices emanating from the organization, which is to determine that the conference to be held in July next . "
He said the minister , " the Commission mentioned is that appreciates the need to discuss this file in the conference expected, which is also from the sets to take such such decisions " , noting that " this thing all depends on the evolution of events on the ground .. wait and the fate of the situation, and then we will see what can be done ."
He Allaibi that " summary of the problem of rising prices of oil in the market world, or fall, depends on several factors, including the subject of inventories of oil, and there are high in this inventory of about 3 millions of barrels per day, as well as for oil shale American, and if not declining production will affect certainly in Price, but if you continue the Organization of Petroleum Exporting this level of work Moazb to reduce production; meanwhile , it will drop the stock to go up prices . "
He denied the Minister of Oil , " the existence of any state to receive oil from Iraq in accordance with the principle of differentiation, saying :" No no countries enjoy this feature .. The Jordan stopped working agreement, is not differentiated . "