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The International Energy: Crude making share top Middle East producers larger than it was
Date: 07/07/2016 10:37
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Information / Baghdad ..
The International Energy Agency warned of the increasing world dependence on Middle East oil, noting that the decline in crude prices has increased the global demand has made major Middle East producers, the largest share of the oil market than it was.
Chief executive, said Fatih Birol, the agency said in an interview with the newspaper "Financial Times" British "There is an exaggeration to increase reserves and production from North America and do not reflect reality, a continuation of more and more on Middle East oil dependence."
Birol said that "Saudi Arabia and Iraq share of the oil market is getting closer than it was in the power supply crisis in the seventies."
He continued that "the demand for Middle East oil producers has risen in the past two years with falling prices and keep production in exchange for some producers stopped oil high cost in America, Canada and Brazil."
According to International Energy Agency figures the share of Middle East oil-producing countries, 34 of the global energy market, the highest since 1975, while the share of the region from the global energy market 36 percent. It ended 25
http://almaalomah.info/2016/07/07/economic/64953
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