* Experts: Europe’s decision to ban Iranian oil for not supporting Iraq to export oil
Baghdad, January 25 (Rn) – The number of economic experts on Wednesday, that the prohibition of the European countries import Iranian oil, for not supporting the Iraqi economy, because Iran, issued a day of 400 thousand barrels of countries Spain, Greece and Italy, which is the most indebted in the euro bloc.
The expert on oil, and a consultant petroleum engineering, Hamza jeweler told the Kurdish news agency (Rn) that “the prohibition of the European countries to deal with the Iranian oil for not supporting the Iraqi oil, because the deal Iran – Europe in the field of oil to exceed the daily 400 thousand barrels.” He added that “Iran was to have cooperation with Spain, Greece and Italy, which is heavily indebted countries in the euro bloc, is the heart of the economic crisis in Europe and do not affect on Iran in the export of oil. ” Noting that “Iran could export this amount to Russia, which is backed by a political and not affect the province of Europe economically at all, because the dealings Mahddodh with those countries.” Under the ban, issued by the European Union on Monday to prevent the importation, purchase or transfer of crude oil to Iran, as well as products of petroleum, and will have on European companies to cancel all its contracts with Iran as of July next, where he was granted the European decision, a grace period for existing contracts between European companies and its Iranian counterpart. Under the terms of the ban will be on Iran to find alternative supply outlets for more than 400 thousand barrels of oil product per day and imported European Parties, where the resolution bans the companies Total and Shell, two of the most prominent buyers of Iranian crude for delivery of the latter to destinations within and outside Europe. In turn, Director of the Iraqi market to Ke Ji (Rn) that “Iraq has no problem in find markets to export crude oil in order to benefit from a ban European countries import Iranian oil, but has a problem in the export of crude oil and mechanisms to extract, as it is still issued so far, 2.6 million barrels a day. ” He noted that “OPEC has allowed Iraq to export per 4 million barrels a day this year, and this matter is not up to him in spite of the presence encouraged by international companies such as Shell, Total and the stricken Mobil and other international companies. ” The Ke Ji, “The export of oil Iraq is facing the problem of extraction and the work of a new mechanism for the development of oil installations, especially under the failure of the work in the development of producing oil fields. ” , said a spokesman for the Oil Marketing Company (SOMO) Hamid Al-Kaabi (Rn) that “the Iranian oil embargo mean an increase in oil prices, especially if not compensated Iran, OPEC’s share,” noting that “this mean an increase in revenues of Iraq, but the issue harm the interests of Iraq if Iran closed the port of Hormuz as 80 percent of Iraq’s exports are made through the Persian Gulf. ” intends to Iraq, a member of OPEC to increase its exports to 12 million barrels of oil per day by 2017 after it signed deals with global energy companies to develop fields of the country, as Iraq currently produces about 2.2 million barrels a day and imports about 95 per cent of the country’s financial budget. From: Jafar Allonan, manufacturing of: Walid al-Zaidi, the Open: the fulfillment Zangana
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