Committee to study oil derivatives price reductions

BAGHDAD / IraqiNews.com: The Iraqi Ministry of Transport on Thursday said that Prime Minister Nouri al-Maliki has ordered the formation of a committee to study a proposal to reduce the prices of oil derivatives. The proposal was presented by the minister of transport, Amer Abdeljabbar, following the drop in international oil prices. “The committee will include representatives of the ministries of finance, oil, planning and transport,” according to a statement received by IraqiNews.com news agency. If approved, the proposal will help reduce transport costs, which have dramatically risen in light of the observed increase in the price of oil derivatives, the statement added. SS (P)/SR 1