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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Parliamentary calls to expand crude exports to Europe after the turmoil in the markets of India and

    Rocky
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    Parliamentary calls to expand crude exports to Europe after the turmoil in the markets of India and  Empty Parliamentary calls to expand crude exports to Europe after the turmoil in the markets of India and

    Post by Rocky Sat 04 Feb 2023, 5:34 am

    Parliamentary calls to expand crude exports to Europe after the turmoil in the markets of India and China

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    Economy News-Baghdad
    The Parliament's Oil, Gas and Natural Resources Committee called on the Ministry of Oil to head towards European markets to export Iraqi crude in light of fluctuating demand from China and India due to their approach to the Russian market.
    Committee member Sabah Sobhi told the official newspaper, Al-Sabah, that "Iraq suffers from the problem of oil marketing, especially after the Russian-Ukrainian war, as a result of the changing features of the markets after this event."
    He added that "countries, such as China or India, have begun to buy Russian oil because it is cheaper, while Iraqi oil before the war was the product they wanted most."
    Sobhi pointed out that "Iraq can go during the next stage to Europe to market its oil, along with the Gulf countries and the United States of America that operate in that region."
    And he indicated that "it is not possible to talk about extracting oil or increasing its production without having a study of how to market it, as plans to raise production must be accompanied by searching for new markets for export."
    Iraq is complying with the decisions of the Organization of the Petroleum Exporting Countries, OPEC, which recently agreed on a policy to cut production and adjust it when necessary, due to expectations of slowing economic growth and other factors that contribute to supporting the oil markets.


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    Added 02/04/2023 - 10:07 AM
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