Impact of Iraq and Libya, lower exports on OPEC's production

An expert in the oil industry, Hamza al-Jawahiri ruled out the impact of lower exports of Iraqi oil, the Saudi and Libyan on the production of the Organization of Petroleum Exporting Countries (OPEC). He told the National Iraqi News Agency / NINA / "The decline in southern and northern Iraq oil exports, last month was not in large quantities, and stop Saudi oil exports as a result of maintenance work in the oil refineries was a temporary, in addition to the fluctuate in exports of Libyan oil , all of which will not be have a significant impact on the production of the Organization of Petroleum Exporting Countries / OPEC / " . He added that " southern oil exports dropped in the past month as a result of weather conditions for a limited period , and the north export pipeline faces sabotage, between now and then, and create difficulties in export , but it will not affect Iraqi oil exports, as this pipeline transports small amounts of oil. He added that "Libyan oil exports is very few as a result of deteriorating situation and Libyan oil production does not effect on to increase production of / OPEC / as a result of that." He stressed that "the Organization of Petroleum Exporting Countries / OPEC / can compensate the small quantities and the shortfall in the last month." It is mentioned that a report by the Agency World Energy (Platts) detect that the production of the Organization of Petroleum Exporting Countries ( OPEC ) reduced in March at a rate of 550 000 barrels per day , for the production of February, to reach 29.56 million barrels per day , the lowest level for OPEC since mid-year , 2011.