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Sumo: The Level Of Iraq's Oil Exports Is Commensurate With The Level Of Global Demand
09/03/2022
31
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09/03/2022
31
[You must be registered and logged in to see this link.]
Earth News/ The Oil Marketing Company, "SOMO", announced today, Wednesday, that the level of Iraq's oil exports is commensurate with the level of global demand, and that the programmed increases from OPEC + are sufficient to address any shortage in supplies.
A company statement received by Earth News stated, "Through continuous and careful follow-up to the developments and changes that the global market is going through today, especially with regard to the balance of global supply and demand for crude oil, Iraq believes that the level of oil exports supplied to the global market (Supply) is commensurate with the level of supply and demand for crude oil." Consumption and global demand (Demand) and that the programmed increases from OPEC + are sufficient to address any shortages that may occur in supplies.”
It is noteworthy that Iraq has an additional production and export capacity estimated at 6%, but it needs some investments to be able to provide it to the market.
[You must be registered and logged in to see this link.]
A company statement received by Earth News stated, "Through continuous and careful follow-up to the developments and changes that the global market is going through today, especially with regard to the balance of global supply and demand for crude oil, Iraq believes that the level of oil exports supplied to the global market (Supply) is commensurate with the level of supply and demand for crude oil." Consumption and global demand (Demand) and that the programmed increases from OPEC + are sufficient to address any shortages that may occur in supplies.”
It is noteworthy that Iraq has an additional production and export capacity estimated at 6%, but it needs some investments to be able to provide it to the market.
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