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[size=55][size=35]Opec oil: cut OPEC exports from Iraq's favor[/size]
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- [ltr] 01 Aug[/ltr]
BAGHDAD (Reuters) - The Organization of Petroleum Exporting Countries (OPEC) said on Thursday that the Organization of Petroleum Exporting Countries' instructions to reduce oil exports are in the interest of Iraq, pointing out that reducing exports means that oil prices are better and this is in the interest of the country. Al-Sulaiti said in a press statement that "it is in Iraq's interest to comply with the instructions of OPEC," noting that "the instructions of the Organization of the OPEC countries to reduce oil exports in the interest of Iraq because its prices will be high." He pointed out that "the equation is equal in the case of maintaining a normal rate of export oil will be the price of oil refreshed and beneficial to Iraq," pointing out that "any violations or increase in quantities exported from OPEC countries will cause a drop in prices, More at lower prices ".
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