Oil Expert: Oil Prices Rising To $72 Will Have A Positive Impact On The Iraqi Economy
Time: 2025/03/22 12:16:56 Read: 1,275 times Economic: Al Furat News} Oil expert Hamza Al Jawahiri confirmed today, Saturday, that recording oil prices and Brent at an average of $72 per barrel has a positive impact on the prices of Basra crude and Iraqi oil in general.
Al-Jawahiri explained in a statement to Al-Furat News Agency, "Heavy Basra crude may be less valuable, but the rise in the prices of Brent crude and oil in general contributes to raising the value of the remaining Iraqi crudes."
Al-Jawahiri pointed out that "these prices are considered safe and good for the Iraqi economic situation," explaining that "any increase above $70 per barrel is safe and does not pose any economic problems for Iraq." LINK