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Parliamentary Energy: lower oil prices is not without interventions and international pressures

8/26/2015

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Information / special / ..  confirmed for the Oil and Energy Committee in the House of Representatives, on Wednesday, that the decline in oil prices will affect negatively on the Iraqi economy, noting that it is not without interventions international pressure.  The committee member said Zaher al-Abadi told / information / to "Low oil prices significantly would have a negative role on the Iraqi economy as well as the impact in the fight against al" Daash "criminal being needs a significant financial liquidity."  He added Abedi "The reason for the drop in oil prices is due to the presence of large amounts of oil in the market, and the use of shale oil by some foreign companies, most in the United States and Canada and Mexico. 
"He said Abadi, that" entering neighbor Iran in the export of oil in the near future will contribute to the drop in prices is more than what it is at the moment, "noting that" the decline in oil prices is not free of interventions and international pressures, especially America.  "He called Abadi government to" find alternatives more important not only to provide physical liquidity, but attention to projects that serve to increase the state budget by activating the industrial side and the promotion of investment and agriculture ".anthy / 25   SOURCE

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