Iraq’s oil price $12 less than West Texas – MOF

BAGHDAD / IraqiNews.com : The Iraqi Minister of Finance (MOF) on Sunday said that prices of Iraq’s oil in international markets are $10 to $12 less than that of West Texas Intermediate Crude Oil, according to a release issued by his ministry. “This issue is due to the location of Iraq and quality of Iraq’s oil,” Bayan Jabor said in the release that was received by IraqiNews.com. He hoped that the “Iraqi ministries and private sector would work together to develop the national economy and to maximize the state’s incomes.” MH (P)/SR 1