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Experts: OPEC agreement will revive the Iraqi economy
Experts: OPEC agreement will revive the Iraqi economy
BAGHDAD - Oil expert Hamza al -Jawahri
predicted on Saturday that the world oil price exceeded 80 dollars after the recent oil agreement among OPEC members, which will revive the Iraqi economy.
predicted on Saturday that the world oil price exceeded 80 dollars after the recent oil agreement among OPEC members, which will revive the Iraqi economy.
"The price of oil will rise to about $ 80 per barrel after the agreement among OPEC members on the increase of oil production conditional that the increase will not affect the global production a lot, especially the oil reserves in the United States," Jawahri said in an interview with the Journal News.
He added that "the agreement provides for the compensation of the market need million barrels can not be increased, and if the share of any country as expected with Iran in the event of the imposition of the embargo can not be exceeded by other countries, the actual increase will not exceed 600 thousand barrels."
He added that "talk about the loss of Iraq as a result of increased OPEC production is not true that Iraq is one of the beneficiaries of the high prices that will lead to the revival of the local economy and reduce the fiscal deficit in the budget."
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