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Commodities Briefing - Categorized | Market Moves, Oil more

Iran’s entry into oil market will have great impact: expert

Posted on 10 March 2014

An Omani economic expert stressed that Iran’s re-entry into the oil market and the lifting of sanctions imposed on it would have a significant impact on the world oil market.
Dr. Juma bin Saleh Al-Ghailani told Kuwait News Agency (KUNA) that Iran is a founding member in the Organization of Petroleum Exporting Countries (OPEC) and has a large oil reserve estimated at nearly 160 billion barrels, in addition to it Iran being one of the pillars of the (OPEC ) in the oil market………………………………………..Full Article: Source


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