16.09.2014 - Libya, Iraq Insecurity May Hit Future OPEC Supply Prospects
Amid a continuing slide in global oil prices, the head of OPEC has said political insecurity in Iraq and Libya could affect the oil-producing cartel's future output prospects. In an interview at the Organization of the Petroleum Exporting Countries' headquarters, Secretary-General Abdalla Salem el-Badri said that while Iraq has great potential to grow oil production, it needs to solve its security problems. "If there is no security, there will be no investment," he said. "If there is no investment, there will be no additional supply."..............................................Full Article: Source
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