Economist: Oil prices will continue to decline at the end of this year, up to $ 30

Since 08.03.2015 at 12:26 (GMT Baghdad)

Special - scales News
Said economist Abdul Hassan al-Shammari, Monday, oil prices will continue to decline to $ 30 at the end of this year, noting that it descend steeper when Iran a major intervention to export effectively.

Al-Shammari said L / scales News / that "oil prices will continue to decline because Iran did not make it to export effectively so far as it will issue three million barrels per day and this will lead to flooding the market with enormous quantities of oil and thus will display a large amount of oil in the Iraqi market, "Mbanas that" this will make oil prices descend a significant decline of up to $ 30 at the end of this year because of supply over demand and huge quantities and large. "

He added that "Iraq's current economy rigid and depends on oil only and there is no any other resources for export leads to a decline in the Iraqi budget and what also lead to the inability of Iraq from the payment of salaries", adding that "the drop in oil prices on Iraq will lead to suspension all projects, although a few projects in addition to fight a fierce war with Daash and terrorism, leading to large losses in existing funds to Iraq through oil sales ".anthy 29/4 e