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Russia is helping Iraq Return To the World Oil Market

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Now Iraq wishes to become the fastest-growing oil exporter, compensating for the loss of Libyan production in the market, and possibly reviving the competition for participation share in the market among OPEC members. Despite the escalation of violence in the country, due to the exports of instability from neighboring Syria, Iraq, which is already the second largest oil supplier among OPEC members, has shown one of the most spectacular increases in annual production in the history of the industry. These successes are associated with the fact that foreign oil companies are developing deposits in the south – a region that almost has not been affected by the unrest.

Thanks to the fact that it was possible to eliminate export “bottlenecks” in the terminals of Basra in the south of Iraq, through which almost all Iraqi oil is exported, it is expected that Baghdad will be able to maintain, or even increase, the volume of oil exports. The exports in 2014 are estimated at about 140-150 million tons. If Baghdad manages to keep the export of oil at this level, its revenues will exceed $100 billion (at oil prices of $100 per barrel).

 

Znění celého článku ze kterého jsme pro Vás uveřejnili upoutávku je zde:  http://journal-neo.org/2014/04/18/rus-rossiya-pomogaet-vozvrashheniyu-iraka-na-mirovoj-ry-nok-nefti/

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