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[size=36]Parliamentary energy calls for an agreement with Saudi Arabia to raise the quantities of exported crude[/size]
Political| 10:46 - 23/05/2021
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BAGHDAD - Mawazine News
The Parliamentary Oil and Energy Committee called on Sunday for an agreement with the Kingdom of Saudi Arabia to raise the quantities of oil exported through "OPEC" after the reduction of its share during the past year.
Committee member Ghaleb Muhammad Ali said, in a statement that Mawazine News received a copy of, that "any economic agreement that takes place in the Organization of Petroleum Exporting Countries" OPEC "is in the interest of Iraq, as it is one of the countries with a rentier economy and that 97 percent of it depends on export Oil. "
He added, "Any increase in the price of oil, even if by one dollar, affects positively the economy in the country, as it now exports more than 3,250 thousand barrels, and revenues can increase," noting that "Iraq is one of the countries that has committed to reducing its share of the exported crude oil." ".
And Muhammad Ali added, "Iraq, represented by Prime Minister Mustafa Al-Kazemi and the Minister of Oil, must discuss raising its share of oil exports with neighboring countries or an agreement with the Kingdom of Saudi Arabia, which has an influential decision in the organization," noting that "this increase can transfer Iraq in a qualitative manner during The next stage, as it suffers from security and economic problems.Ended 29 / A43
The Parliamentary Oil and Energy Committee called on Sunday for an agreement with the Kingdom of Saudi Arabia to raise the quantities of oil exported through "OPEC" after the reduction of its share during the past year.
Committee member Ghaleb Muhammad Ali said, in a statement that Mawazine News received a copy of, that "any economic agreement that takes place in the Organization of Petroleum Exporting Countries" OPEC "is in the interest of Iraq, as it is one of the countries with a rentier economy and that 97 percent of it depends on export Oil. "
He added, "Any increase in the price of oil, even if by one dollar, affects positively the economy in the country, as it now exports more than 3,250 thousand barrels, and revenues can increase," noting that "Iraq is one of the countries that has committed to reducing its share of the exported crude oil." ".
And Muhammad Ali added, "Iraq, represented by Prime Minister Mustafa Al-Kazemi and the Minister of Oil, must discuss raising its share of oil exports with neighboring countries or an agreement with the Kingdom of Saudi Arabia, which has an influential decision in the organization," noting that "this increase can transfer Iraq in a qualitative manner during The next stage, as it suffers from security and economic problems.Ended 29 / A43
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