03/07/2013
Washington: an increase in Iraqi oil production and plugging American global markets
BAGHDAD / Press-term
Confirmed and the U.S. Department of Energy that global markets can "cope" with further restrictions on Iranian oil exports, indicating that the increase of equipment issued by Iraq and the United States make up the shortfall because of it. He said U.S. Energy Secretary Ernest Moniz, in a press statement from the Austrian capital Vienna, quoted by the agency (Reuters), and I have seen (range Press), said that "the possibility of global oil markets to cope with more cuts Iran's oil exports resulting from sanctions toughened on Iran's nuclear program nuclear, "he said, adding that it" would increase oil equipment from Iraq and the United States make up the shortfall because of it. "
The agency reported that "members of the U.S. Congress are preparing this summer, to launch another campaign of pressure to take action to double scalable more on Iranian oil exports."
The U.S. Energy Secretary, who took office last June, that "increased rates of Iraqi oil production and the U.S. mean that Iran is no longer a major player in the market, and there are indications increased production is equivalent to the shortfall from cuts Iranian exports," and expressed his belief that "the increase tighten sanctions on Iran can not affect the global market. "
Moniz emphasized, that "possible from a technical point of view, to impose further cuts on Iranian exports."
According to Reuters that "based on industry sources have shrunk export Iranian oil for up to 700 thousand barrels per day last May with oil prices remain lower than they were a year ago", usually that "it is the lowest rate of production of Iran for decades."
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