An economist explains the advantages of Iraqi oil and confirms the increased desire of countries to import it
economic 02/03/2022 | 9:20 am
Information / Baghdad...
The economic expert, Dr. Safwan Qusay, explained the most important advantages of Iraqi oil, stressing that there is a great desire to import it, which made the light of it exceed the price of Brent standard crude.
Qusay told Al-Maalouma, "The process of setting the price of oil depends on its quality, as Basra Light crude is currently being sold at a price higher than Brent by a dollar or two, and also that Kirkuk oil is close to standard crude, while Basra and Amara heavy crude is sold for less than 7 dollars more than Brent reached him.
He added that "Iraqi oil, because of its diversity and its difference from other oils, is desirable and required in various countries of the world, and the demand for it has also increased."
And he indicated that "the more heavy oil Iraq invests in refineries, the more this leads to stimulating the petrochemical industry, through investing this type, liquidating it and introducing additional revenues to the country as a result of the presence of the ingredients of this industry/" finished 25