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U.S newspaper: Iraq will become the biggest oil power in the world, has large quantities of crude, which does not require equipment to be extracted
Newspaper «The Washington Times» US said that an increase in oil production in Iraq may determine the future of global oil prices in the coming years, especially after the lifting of Iraq the size of its production last year to arrive in December to 3.4 million barrels per day.
US paper said that Iraq may be the only country in the world which still contains large amounts of crude oil, which does not require expensive equipment to extract it as it is close to the number one position as the largest oil exporter in the world.
Perhaps one of the most important reasons for the existence of this type of oil in Iraq, is a long war and economic sanctions on the country, which has maintained a presence of oil without having touched one.
The Iraq exports crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean Sea, and through the pelvic trucks to Jordan, and the percentage of Iraqi exports from the Basra oil about 90 percent, while the remaining issue of oil fields Kirkuk, north of the country through the Turkish port of Ceyhan.
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Newspaper «The Washington Times» US said that an increase in oil production in Iraq may determine the future of global oil prices in the coming years, especially after the lifting of Iraq the size of its production last year to arrive in December to 3.4 million barrels per day.
US paper said that Iraq may be the only country in the world which still contains large amounts of crude oil, which does not require expensive equipment to extract it as it is close to the number one position as the largest oil exporter in the world.
Perhaps one of the most important reasons for the existence of this type of oil in Iraq, is a long war and economic sanctions on the country, which has maintained a presence of oil without having touched one.
The Iraq exports crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean Sea, and through the pelvic trucks to Jordan, and the percentage of Iraqi exports from the Basra oil about 90 percent, while the remaining issue of oil fields Kirkuk, north of the country through the Turkish port of Ceyhan.
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