Congress agrees to lift the ban on the export of oil 12/19

Agencies -
The US House of Representatives agreed to lift the ban imposed 40 years ago on the export of American oil, while OPEC predicted that oil prices will not be affected in the event of lifting the ban on the export of US crude.

And it revealed a group of negotiators parliamentarians from the Republican majority and the Democratic minority in earlier this week, a proposal for the federal law that sets state spending until 30 September 2016.

The text of the proposed law includes a series of concessions by the parties, including the lifting prevent oil export which was an urgent requirement for the Republicans.

The agency says the government the power to inform that "crude oil production in the United States rose from 5 million to 8.7 million barrels per day between 2008 and 2014", adding that "This came thanks to new technology in drilling, which allowed exploration in the rocky soil."

Experts do not expect to have an impact on the market, as Abdullah al-Badri Secretary General of the Organization of Petroleum Exporting Countries "OPEC", said earlier that "oil prices will not be affected in the event of lifting the ban on the export of US crude."

Badri said that "the US Crude exports impact on the oil market is equal to zero," pointing out that "this is due to the fact that the United States still imported state."

"The United States has issued light crude extracted from the rocky soil, but it will continue to import heavy crude."

Congress and the granting of export oil in the US in 1975 in fear of a shortage, after the oil shock in which the black gold prices hit a big increase.