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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    After lead over Saudi Arabia .. Iraq's largest exporter of crude oil to India

    Rocky
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    After lead over Saudi Arabia .. Iraq's largest exporter of crude oil to India Empty After lead over Saudi Arabia .. Iraq's largest exporter of crude oil to India

    Post by Rocky Tue 19 Jul 2016, 5:26 am

    [size=37]After lead over Saudi Arabia .. Iraq's largest exporter of crude oil to India[/size]


    BAGHDAD - A follow-up Journal
    Iraq's progress to the Kingdom of Saudi Arabia and robbed of the position for the first time as the largest supplier of oil to India in the quarter that ended in June with the support of heavy crude sales discounted price you need the refineries to produce bitumen, which is used in road construction in the third-largest oil consumer in the world.
    "Reuters" and he said in a report, and I followed (Il Giornale), that "the usual practice that tops the list of crude suppliers of Aramco's state-owned Saudi oil to India Riyadh faces pressure to provide a larger reduction on crude prices to regain market share, especially ahead of the insertion planned for the company in stock market".
    According to sources in the sector and tracking data traffic, the Iraqi oil accounted for about 20% of India's imports in the second quarter, up from 16% a year ago.
    Saudi Arabia's share in the Indian market fell during that period to about 18% from 20% last year, making Iraq outperforming the UK for the first time in a quarter full.
    In the face of competition for market share Aramco lowered this month, the official selling price of light sweet crude in August to Asia highest pace in nine months, but analysts warned that it may need to further reductions.
    Aramco and remained raise prices over the past four months, which has led some to believe that it is preparing to end its efforts to expand market share.
    Said chief analyst Ehsan right at KBC Energy Consulting in the United Kingdom "If Aramco wants to increase its market share would have to reach long-term agreements or raw display at a price more attractive compared to competitors."
    And it lost the largest oil producer within the Organization of Petroleum Exporting Countries (OPEC) ground in a number of major markets, including Russia and China, it is also facing a threat from Iran, which promotes exports since the abolition of the sanctions that were imposed by the West.
    The decline in market share at a time when the kingdom is preparing for the inclusion of Saudi Aramco and other assets in the stock market in order to raise billions of dollars to help plug the budget deficit caused by low oil prices.
    Demand for heavy Iraqi Basra crude by Indian refiners increase since put that kind of crude last year.
    And a lot of Indian refineries have the capacity to address these heavier types of crude, which also sold a large reduction in the price of crude compared to other types.
    In addition, the heavy-Basrah also good for the production of bitumen, which is used in the construction of roads, India is trying to build roads along the 40 kilometers (25 miles) per day during the current fiscal year as part of Prime Minister Narendra Modi's efforts to improve the infrastructure.
    He said PK Namdio Prime refineries sector with HPCL in reference to the versatility of Basra crude and heavy competitive price, "When you compare other competing crude types of heavy find in the first place." However, the demand for Basra crude is likely to temporarily retreat during the monsoon season current in India when the road construction is slowing down.
     Namdio said that "refiners may turn to the crude types of competition such as Murban Arabian light crude."
    In extending from the April to June quarter, India's imports of crude from Iraq rose by 34% to 847 thousand barrels per day, while the volume of imports from Saudi Arabia amounted to 768 thousand barrels per day, according to the data shown.
    But in June alone, Indian Oil exports from Iraq have fallen by about 13% over the previous year, where Saudi Arabia has regained its place at the top of the list of suppliers in that month.
    Officials in the Indian refining companies that "loading problems contributed to reduce oil imports from Iraq, demand is expected to return after the end of the monsoon period in September" .anthy 3

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    After lead over Saudi Arabia .. Iraq's largest exporter of crude oil to India Empty Iraq is ahead of Saudi Arabia and become the largest exporter to India in the quarter / 2

    Post by Rocky Tue 19 Jul 2016, 5:39 am

    [size=30]Iraq is ahead of Saudi Arabia and become the largest exporter to India in the quarter / 2[/size]
    19/07/2016 12:40 | Number of Views: 249
    font size: [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
    Direction Press / follow-up            
    Iraq's progress to the Kingdom of Saudi Arabia and robbed of the position for the first time as the largest supplier of oil to India in the quarter that ended in June with the support of heavy crude sales discounted price you need the refineries to produce bitumen, which is used in road construction in the third-largest oil consumer in the world.
    Reuters reported that the usual practice that tops the list of crude suppliers of Aramco, Saudi Arabia's state-owned oil to India has been facing pressure from Riyadh to provide the largest reduction on crude prices to regain market share, especially ahead of the planned listing of the company on the stock exchange.
    Iraqi oil and accounted for about 20 percent of India's imports in the second quarter, up from 16 percent a year ago, according to sources in the sector and follow the traffic data collected by Thomson Reuters.
    Saudi Arabia's share in the Indian market fell during that period to about 18 percent from 20 percent last year, making Iraq outperforming the UK for the first time in a quarter full.
    In the face of competition for market share Aramco lowered this month, the official selling price of light sweet crude in August to Asia highest pace in nine months, but analysts warned that it may need to further reductions.
    Aramco and remained raise prices over the past four months, which has led some to believe that it is preparing to end its efforts to expand market share.
    Said chief analyst Ehsan right at KBC Energy Consulting in the United Kingdom "If Aramco wants to increase its market share would have to reach long-term agreements or raw display at a price more attractive compared to competitors."
    And it lost the largest oil producer within the Organization of Petroleum Exporting Countries (OPEC) ground in a number of major markets, including Russia and China, it is also facing a threat from Iran, which promotes exports since the abolition of the sanctions that were imposed by the West.
    The decline in market share at a time when the kingdom is preparing for the inclusion of Saudi Aramco and other assets in the stock market in order to raise billions of dollars to help plug the budget deficit caused by low oil prices.
    Demand for heavy Iraqi Basra crude by Indian refiners increase since put that kind of crude last year.
    And a lot of Indian refineries have the capacity to address these heavier types of crude, which also sold a large reduction in the price of crude compared to other types.
    In addition, the heavy-Basrah also good for the production of bitumen, which is used in road construction.India is trying to build roads along the 40 kilometers (25 miles) per day during the current fiscal year as part of Prime Minister Narendra Modi's efforts to improve the infrastructure.
    Said PK Namdio head of the refinery sector HPCL in reference to the versatility of Basra crude and heavy competitive price, "When you compare other types of heavy competition crude find in the first place."However, the demand for Basra crude is likely to fall temporarily separated during the current monsoon rains in India, when the road construction is slowing down. Namdio said that refineries could become a crude types of competition such as Murban Arabian light crude.
    In the April to June quarter, India's imports of crude from Iraq rose by 34 percent to 847 thousand barrels per day, while the volume of imports from Saudi Arabia amounted to 768 thousand barrels per day, according to the data shown.
    But in June alone, Indian Oil exports from Iraq have fallen by about 13 percent over the previous year, where Saudi Arabia has regained its place at the top of the list of suppliers in that month.
    But officials in the Indian refining companies said that the loading problems contributed to reduce oil imports from Iraq, demand is expected to return after the end of the monsoon period in September.
     

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