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Iraq beats Saudi Arabia being the fastest growing oil market
14:11 - 06/14/2017
Bloomberg said the British site, Wednesday that Iraq's progress on the Saudi oil supplier, the fastest growing in the world amid heavy race between producers to retain Basoagahm the most important in the global oil market.
The report, which translation agency / information / that "Iraqi oil supplies to India percent ratio of 23 purchases have formed over the past four months, an increase of 19 percent, while the share of Saudi Arabia, one percent fell to only 17 percent of the Indian market."
He added that "oil producers are facing increasing competition in key markets such as China and India, while OPEC continues to cut production in order to raise world oil prices."
The head of the Indian Refineries Company Bharat Rama Chandran said that "Saudi Arabia was the first when it comes to crude oil supplies, but now dissolved second place after Iraq."
He added that "the Iraqi crude oil preference will continue at a time when Indian refineries continue operations modernization of refineries."
The report noted that "Iraq has surpassed Saudi Arabia because of the modernization of Indian refineries and enable them to deal with the contents of crude oil sulphurous higher as Iraq has also updated the improvement of the infrastructure of the port of export to ensure the stability of supply.
The head of the Hindustan Petroleum Corporation Mukesh Kumar Sorana said that "the Iraqi oil attracts and fits well our refineries and Iraq has emerged from the uncertainty in supply prices and offers very competitive prices." Finished / z 25
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14:11 - 06/14/2017
Bloomberg said the British site, Wednesday that Iraq's progress on the Saudi oil supplier, the fastest growing in the world amid heavy race between producers to retain Basoagahm the most important in the global oil market.
The report, which translation agency / information / that "Iraqi oil supplies to India percent ratio of 23 purchases have formed over the past four months, an increase of 19 percent, while the share of Saudi Arabia, one percent fell to only 17 percent of the Indian market."
He added that "oil producers are facing increasing competition in key markets such as China and India, while OPEC continues to cut production in order to raise world oil prices."
The head of the Indian Refineries Company Bharat Rama Chandran said that "Saudi Arabia was the first when it comes to crude oil supplies, but now dissolved second place after Iraq."
He added that "the Iraqi crude oil preference will continue at a time when Indian refineries continue operations modernization of refineries."
The report noted that "Iraq has surpassed Saudi Arabia because of the modernization of Indian refineries and enable them to deal with the contents of crude oil sulphurous higher as Iraq has also updated the improvement of the infrastructure of the port of export to ensure the stability of supply.
The head of the Hindustan Petroleum Corporation Mukesh Kumar Sorana said that "the Iraqi oil attracts and fits well our refineries and Iraq has emerged from the uncertainty in supply prices and offers very competitive prices." Finished / z 25
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