Home
Compounding Iraq oil exports to cope with the economic crisis, and experts warn of its consequences
4/16/15
BAGHDAD / Sky Press: A source in the National SOMO oil exports, on Thursday, for the Ministry of Oil to double Iraqi oil exports to reduce the threats to the country's economic crisis, as warned by observers from the implementation of this resolution being cut oil prices in world markets.
The source told "Sky Press," "The oil ministry will make a decision to double the Iraqi crude oil exports to reduce the threats to the country's economic crisis, due to the weak liquidity."
Observers considered experts Naftyon that "this decision and my solution to what Iraq is going through an economic crisis, and will be repercussions negative in the long run in terms of falling world oil prices, pumping large amounts of oil in the market," pointing out that "the implementation of this resolution at this time inappropriate ".
He had expected the international economic expert Sarah Haider, on Wednesday, the fall in oil prices in world markets to $ 36 a barrel, within 40 days, while the salaries of state employees suggested Exchange stopped as a result of increasing the budget deficit and the lack of liquidity at the low oil prices.
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock, below $ 48 per barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran elder with Iraq at a lower price, as a result, the Iraqi government was forced to announce, an austere operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Cabinet salaries 50%.
[You must be registered and logged in to see this link.]
