The consultant in industrial development and investment, Amer Al-Jawahiri, confirmed: “The current price of oil does not cause concern, and it is expected to rise.”

He told the Iraqi National News Agency (NINA): “The reduction in production OPEC + will certainly be reflected in the increase in oil prices, and it is a benefit because it is the real value of oil more than the previous price.”

He added: “The current price, which is expected to rise, does not cause concern for the local reality, as long as there is an increase in oil prices, the difference will be compensated by exports.”

He called on the Ministry of Oil to end smuggling, loss and improper use so that the amount of exports can be preserved.

Source: National Iraqi News Agency