News Column

Iraq's production of crude will not be affected by the current crisis

June 14, 2014

BAGHDAD / NINA / Oil Ministry announced that production and export of oil from Iraq will not be affected by the emergency crisis faced by the country because most of the production is concentrated in the center and south.

The spokesperson of the Ministry of Oil, Assem Jihad told the National Iraqi News Agency / NINA / that "Iraqi oil exports are concentrated now fully from the port in the southern Basra after Kirkuk-Ceyhan pipeline stopped since last March because of the terrorist operations, therefore, Iraq's production is on the rise and export is normal."

He added, "The sudden rise in oil prices is natural because any tension or crisis in any oil country certainly will reflect on the price of oil and will go down after removing the reason."

He continued: "We do not want oil prices to rise more than normal and impact on the Iraqi and the world economy, and should be back to normal levels after ending the crisis."

On shortage of petroleum products, especially gas, in some areas of Baghdad, Jihad said, "there are no shortage of oil products, not in warehouses or in the stations," calling on citizens not to fear because the fuel gas is available and there is no shortage.

It is mentioned that several areas in Baghdad have witnessed yesterday crowds on fuel and gas stations, which led to high prices significantly in each. / End

All rights are reserved for National Iraqi News Agency / NINA

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Source: National Iraqi News Agency (Iraq)

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