Source Pravda.Ru

Iraqi expert: in case of a military action against Iraq, oil prices will soar to 40 dollars per barrel

Oil prices will increase to 40 dollars per barrel in the event of a military action against Iraq, said Shamhi Faraj of the Iraqi Oil Ministry in an interview with the Iraqi newspaper Uruk on Thursday.

A military operation against Iraq may upset oil supplies not only from Iraq but all states in the Persian Gulf area, which account for a third of the world oil output.

Simultaneously, in case of a military action, "Iraq will not end the production and export of oil, provided production and transportation facilities are not destroyed." In 10-20 years to come, the demand for oil in the United States and Europe will increase by over 70 percent from the present level, believes the Iraqi expert. In his opinion, above all, Iraq and other countries in the Persian Gulf can meet this demand.

After Saudi Arabia, Iraq is the second country in the world in terms of its oil reserves, estimated at 115 billion barrels.

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Putin wants Russian army rearmed almost completely by 2021
Japan ratifies agreement to supply weapons and ammo to warring states
Argentina hides the truth about the death of San Juan submarine
Argentina hides the truth about the death of San Juan submarine
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
Unemployment in Russia hits record high of 15 percent
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone
Russia to ban capture of killer whales and belugas in 2019
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores