Latest Statement by Oil Minister causes Concerns

By Ahmed Mousa Jiyad.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Latest statement by the Minister of Oil causes concerns

The Minister of Oil, Mr. Jabbar. A.H. Luiebi, gave an interview to Ben Lando, of the reputable Iraqi Oil Report (IOR), that was posted on 13th March 2017, while the Minister was in the USA after attending the CERAWeek annual world oil industry conference in Houston, Texas.

I followed closely the news and analysis from and about this important CERA event especially those pertaining to the OPEC accord, its implications, challenges and prospects.

Some of what the Minister of Oil has said in that interview was very surprising, to the extent that it constitutes shocking, wrong and serious misunderstanding. The following provides highlights of what the Minister has said and why I think he was incorrect and inconsistent, to say the least.

Please click here to download Ahmed Mousa Jiyad’s full report.

Mr Jiyad is an independent development consultant, scholar and Associate with the former Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya(at)online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here.

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