Detecting oil expert Hamza Jeweler, Monday, for the loss of Iraq about $ 100 billion over the past two years, from 2014 to 2015 because of the oil policy pursued by, asking the government to adopt a common policy with the affected countries in order to put pressure on Riyadh.
The jeweler said, "The price of a barrel of oil in 2014 came to $ 156 which is three times the current price, but Saudi Arabia's oil policy, which flooded the world markets to the product caused damage prices dramatically."
He added that "Iraq's estimated losses during the past two years by about $ 100 billion in terms of state revenues in 2013 amounted to more than $ 95 billion, while decreased during 2014 and 2015 to $ 35 billion only."
Jeweler and he demanded the government to "take more effective action against Saudi Arabia and the Gulf states to force it to reduce its production agreement with the countries affected by these policies, especially Russia, Iran and Venezuela."
The Saudi Oil Minister Khalid al-Falih said on Sunday, said that the current session of the drop in oil prices and ongoing since mid-2014, "overseeing the completion", and at the conclusion of a meeting of ministers from the Gulf and the Russian counterpart Alexander Novak, in Riyadh.
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