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To compensate for the shortfall, Iraq is heading towards European markets with its oil
Shafaq News/ The Iraqi oil expert Hamza Al-Jawahiri confirmed on Thursday that Iraq is heading for its oil towards European markets to compensate for the shortage in it.
Al-Jawahiri told Shafaq News Agency, "Europe's ban of Russian oil from its markets led to a shortage, with the latter heading to Asian markets and selling its oil at cheap prices, and therefore Iraq may lose part of its oil export in Asian markets."
Al-Jawahiri added, "Iraq will compensate for the oil that it will lose in the Asian markets by exporting it to Europe, especially if we know that the latter is currently seeking to compensate for the shortage of energy from the OPEC countries," noting that "Iraq will not find it difficult to export oil to European countries according to the specified prices." globally".
Russia has exported its oil at cheap prices to Asian markets, especially Chinese and Indian, after the embargo announced by the European Union countries on Russian oil imports, which threatens the future exports of Iraq and Saudi Arabia to Asian markets.
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Al-Jawahiri told Shafaq News Agency, "Europe's ban of Russian oil from its markets led to a shortage, with the latter heading to Asian markets and selling its oil at cheap prices, and therefore Iraq may lose part of its oil export in Asian markets."
Al-Jawahiri added, "Iraq will compensate for the oil that it will lose in the Asian markets by exporting it to Europe, especially if we know that the latter is currently seeking to compensate for the shortage of energy from the OPEC countries," noting that "Iraq will not find it difficult to export oil to European countries according to the specified prices." globally".
Russia has exported its oil at cheap prices to Asian markets, especially Chinese and Indian, after the embargo announced by the European Union countries on Russian oil imports, which threatens the future exports of Iraq and Saudi Arabia to Asian markets.
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