In Memory of Bondlady

WELCOME TO BONDLADYS CORNER...WE CARRY ON HER CUSTOM OF MAKING THIS SITE YOUR 24 HOUR A DAY IRAQ NEWS ARTICLE SOURCE


You are not connected. Please login or register

IEA: Iraq's oil exceeds Saudi Arabia's share of the European market

View previous topic View next topic Go down  Message [Page 1 of 1]

Rocky


MEMBER
MEMBER


IEA: Iraq's oil exceeds Saudi Arabia's share of the European market





2015/11/13

It revealed the International Energy Agency (IEA), on Friday, skipping all Iraqi oil to Saudi Arabia's share in the European market as the second largest oil producer in OPEC, as pointed out that the lifting of sanctions on Iran will contribute to increasing the competitiveness.
The Energy Agency, in a report, seen by the (long-Presse), said that "while attention was focused on Russia and Saudi Arabia in their competition to acquire the largest share of the European market on the continent Iraq came to compete with regional rivals in their shares."
The agency added, that "in spite of the Russians continued to dominate 55% of the market share, Iraq has accounted for a huge share of the oil market since the year 2012 when the intensified sanctions against Iran, which used Iran before sanctions to issue a million barrels of oil Aoumil for the European market.
The agency said, "Since the middle of 2014, total exports to Iraq rates have increased by 40 percent to more than 3 million barrels per day, have contributed to its equipment market European amounting to one million barrels per day during the months of July and the last two, father and to increase its share of the market by 17%, as allowed so that it goes beyond the Arab share in the Saudi market. "
The report predicted that "Iran can sell more than 400 000 barrels of extra oil per day to its customers in the Asian and European market if the lifting of sanctions, something which will lead to increased competition among producers about pricing."
The European market imports more than 9 million barrels of oil per day from outside the continent where you receive Italy, Greece and Spain, oil refineries, as well as Poland, Sweden and other countries.

[You must be registered and logged in to see this link.]

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum