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.

He announced his intention to create a news service called "Pravda," which means "truth" in Russian. Well, we are Pravda. The Pravda.Ru website has been working professionally in Russia since 1999

Elon Musk wants Pravda, but we already have it

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum