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Oil price of $120 is acceptable - Iraq oil min
April 25, 2011 / 10:12 AM / 7 years ago

Oil price of $120 is acceptable - Iraq oil min

BAGHDAD (Reuters) - Iraqi Oil Minister Abdul-Kareem Luaibi said on Monday a world oil price of $120 a barrel is reasonable and acceptable.

Labourers work on a refinery in Suining, Sichuan province October 22, 2009. REUTERS/Stringer/Files

“We in OPEC see that this price will not affect economic growth,” Luaibi said.

(Reporting by Ahmed Rasheed and Muhanad Mohammed; editing by Jason Neely)

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