Saleh rule out the fall in oil prices below production costs and the likely recovery soon
January 18, 2016
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Our economy / Baghdad
Economic Adviser to the Prime Minister ruled out the appearance of Mohammed Saleh, falling oil prices to below cost of production, weighted price recovery in the future.
Saleh said in a statement seen by the agency of our economy news that "global readings excluded falling oil prices to below cost of production," noting that "Iraq cheap in the cost of oil producing countries and this makes us immune to all production stopped because of falling prices."
He stopped a lot of oil investment projects in North America because of the high costs of production and falling prices, explaining that the "landing threatens the global economy, so oil prices will recover and can not become its price the cost of production or less, because it is not a free commodity, and there are hundreds of billions of dollars invested in the field of oil, and the loss include the various countries of the world. "
"The fall in oil prices and the issue of temporary, and if it has fallen below the cost of production, the global economy Fair recession and collapse, and that the drop in prices did not indicate the existence of a global winner, but all nations lose."
He noted the existence of an economic policy called "beggar neighbor" This policy impoverish everyone, including working out because poverty prevail on everyone. "
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