15.06.2015 - Saudis seeks to make Iran’s oil and gas less attractive for investment: expert
A professor of international business and international affairs at the George Washington University says Saudi Arabia “wants to make development of Iran's and Iraq's oil and gas less attractive for international oil companies at a time when Iran will be specially looking to attract investors to increase its oil output.” Hossein Askari who served as special advisor to Saudi minister of finance, also says for the future “oil will trade in the $45-$60 for the next 10 years or so.” Askari, a former member of executive board of the International Monetary Fund, also says the high oil prices of “the first decade of the 21st century enabled heavy investment in alternatives and these investments and their direction are irreversible.”..............................................Full Article: Source
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