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  • 20-03-18

    Iraq's SOMO chief: oil rates to remain stable in 2018

    (MENAFN) Iraq is to see stability in oil rates, preserving its numbers throughout this year, SOMO's chief Alaa al-Yasiri predicted.

    The chief reportedly declared "I expect oil prices to stay stable at their current levels at least until the end of 2018."

    Chief al-Yasiri further explained that "oil price stability depends on political stability in our region."

    SOMO was also revealed by the chief of looking for a joint venture to be established among companies from South Korea, China, Japan and India for the purpose of pushing for operation within Asian markets.

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