[You must be registered and logged in to see this image.]
Data: Iraq tops the list of crude suppliers to India by 847 thousand barrels per day
Baghdad / term
Data: Iraq tops the list of crude suppliers to India by 847 thousand barrels per day
Baghdad / term
Global data showed on Tuesday, made Iraq the list of suppliers of oil to India , surpassing Saudi Arabia , the first as the largest supplier of raw material for visits to a third of India 'sbiggest consumer in the world, with an Italian company was awarded a secondary contract worth $ 61.5 million in the Zubair Corporation Emirati specialized designs systems Engineering for oil projects.
According to Reuters , the agency said in a report seen by the "long", that " the usual practice that tops thelist 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 insertion planned for the company in thestock market. "
Iraqi oil and accounted for about 20 percent of India 's imports in the second quarter , up from 16 percent ayear ago , according to sources in the sector and tracking data traffic collected by Thomson Reuters.
fell share of Saudi Arabia in the Indian market during this period to about 18% from 20% last year, making Iraq outperforming the UK for the first time at the beginning of this year.
in the face of competition for market share reduced Aramco this month , the official selling price of light for itscrude in August to Asia highest pace in nine months , but analysts warned they may need to further reductions.
remained Aramco 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 Ihsan senior analyst 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. "He 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 also faces a threat from Iran that promote 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.
The increasing demand for Basra crude heavy Iraq by the Indian refining companies since so put type of last year 's crude.
and a lot of Indian refineries have the capacity to address these heavier crude types, which are also sold large a reduction in price compared to other crude types. in
addition, the Basrah heavy good also for the production of bitumen , which is used in road construction.
said B. .kih Namdio head of the refinery sector HPCL in reference to the versatility of Basra crude and heavy competitive price , "when you compare other heavy crude types of competition you find in the first place."However , the demand for Basra crude is likely to temporarily retreat during the separation of the current monsoon rains in India when it slows down road construction, "he added Namdio" The refiners may turn to raw types of competition such as Murban Arabian light crude. "
In the first quarter , extending from April to June India 's imports of Iraqi crude have risen by about 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 what shown by the data.
but in June alone , India 's oil exports declined from Iraq by about 13 percent compared to the previous year where he regained Saudi Arabia , its position at the top of the list of suppliers in that month.
However, officials in the Indian refining companies said the "loading problems contributed to reduce oil imports from Iraq , demand is expected to return after the end of the rainy period of monsoon in September."
in a related development awarded company (ENI Iraq BV Italian), a secondary contract at the Zubair field worth $ 61.5 million for Emirati specialized integrated engineering designs for the projects of oil and gas systems.
won the UAE company (Drake & Scull International), specialized integrated engineering design systems ,mechanical and electrical construction and infrastructure projects , oil and gas and which is based in theemirate of Dubai - based, to hold a secondary for the benefit of the company (ENI Iraq BV) Italian working in the Zubair oil field worth $ 61.5 million, to create a water pump network in the Zubair oil field project system in Basra , which is supervised by the Italian company, according to the website (Trade arabia) news ofeconomic topics.
Under the terms of the new contract , the UAE company will carry out the functions of supervision of the engineering, procurement and construction (EPC) system pipelines supplying gas to the power plant, as well as water , which includes water pipes, pipe main flow, and stations assembly and the work pressure systems control valves in the wells, which would facilitate the oil extraction operations, where the installation of theequipment operations began and the transfer of manpower to the project , which is expected site accomplished early in 2018.
the transfer of economic position of the General manager (Drake & Scull International) oil and gas Faris Khatib saying, " the winning a contract Zubair oil field is an important addition to the quality of the series of the company 's projects in the area, which falls within the framework of the secondary cooperation with thecompany (ENI Iraq BV) Italian."
he said Khatib, " the contract is the second with the Italian company in the Zubair field after a decade in 2012 completed through D pipeline project was completed in 2015 on time to him, "she returned to" experience theprevious successful experience with the Italian oil company ENI in Zubair field, will be a solid pillar for thecompletion of the new contract form in which it amounted to the highest levels and the deadline him with thebeginning 2018 year. "
According to Reuters , the agency said in a report seen by the "long", that " the usual practice that tops thelist 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 insertion planned for the company in thestock market. "
Iraqi oil and accounted for about 20 percent of India 's imports in the second quarter , up from 16 percent ayear ago , according to sources in the sector and tracking data traffic collected by Thomson Reuters.
fell share of Saudi Arabia in the Indian market during this period to about 18% from 20% last year, making Iraq outperforming the UK for the first time at the beginning of this year.
in the face of competition for market share reduced Aramco this month , the official selling price of light for itscrude in August to Asia highest pace in nine months , but analysts warned they may need to further reductions.
remained Aramco 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 Ihsan senior analyst 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. "He 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 also faces a threat from Iran that promote 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.
The increasing demand for Basra crude heavy Iraq by the Indian refining companies since so put type of last year 's crude.
and a lot of Indian refineries have the capacity to address these heavier crude types, which are also sold large a reduction in price compared to other crude types. in
addition, the Basrah heavy good also for the production of bitumen , which is used in road construction.
said B. .kih Namdio head of the refinery sector HPCL in reference to the versatility of Basra crude and heavy competitive price , "when you compare other heavy crude types of competition you find in the first place."However , the demand for Basra crude is likely to temporarily retreat during the separation of the current monsoon rains in India when it slows down road construction, "he added Namdio" The refiners may turn to raw types of competition such as Murban Arabian light crude. "
In the first quarter , extending from April to June India 's imports of Iraqi crude have risen by about 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 what shown by the data.
but in June alone , India 's oil exports declined from Iraq by about 13 percent compared to the previous year where he regained Saudi Arabia , its position at the top of the list of suppliers in that month.
However, officials in the Indian refining companies said the "loading problems contributed to reduce oil imports from Iraq , demand is expected to return after the end of the rainy period of monsoon in September."
in a related development awarded company (ENI Iraq BV Italian), a secondary contract at the Zubair field worth $ 61.5 million for Emirati specialized integrated engineering designs for the projects of oil and gas systems.
won the UAE company (Drake & Scull International), specialized integrated engineering design systems ,mechanical and electrical construction and infrastructure projects , oil and gas and which is based in theemirate of Dubai - based, to hold a secondary for the benefit of the company (ENI Iraq BV) Italian working in the Zubair oil field worth $ 61.5 million, to create a water pump network in the Zubair oil field project system in Basra , which is supervised by the Italian company, according to the website (Trade arabia) news ofeconomic topics.
Under the terms of the new contract , the UAE company will carry out the functions of supervision of the engineering, procurement and construction (EPC) system pipelines supplying gas to the power plant, as well as water , which includes water pipes, pipe main flow, and stations assembly and the work pressure systems control valves in the wells, which would facilitate the oil extraction operations, where the installation of theequipment operations began and the transfer of manpower to the project , which is expected site accomplished early in 2018.
the transfer of economic position of the General manager (Drake & Scull International) oil and gas Faris Khatib saying, " the winning a contract Zubair oil field is an important addition to the quality of the series of the company 's projects in the area, which falls within the framework of the secondary cooperation with thecompany (ENI Iraq BV) Italian."
he said Khatib, " the contract is the second with the Italian company in the Zubair field after a decade in 2012 completed through D pipeline project was completed in 2015 on time to him, "she returned to" experience theprevious successful experience with the Italian oil company ENI in Zubair field, will be a solid pillar for thecompletion of the new contract form in which it amounted to the highest levels and the deadline him with thebeginning 2018 year. "
[You must be registered and logged in to see this link.]
Today at 5:15 am by Rocky
» utube 11/21/24 MM&C MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Cen
Today at 5:08 am by Rocky
» Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they
Today at 5:06 am by Rocky
» MP calls for activating China's Belt and Road Initiative economy
Today at 5:03 am by Rocky
» Al-Baldawi: Political will controls the fate of the ministerial amendment
Today at 5:02 am by Rocky
» Al-Lami: US bases in Iraq represent a military arsenal to protect the entity
Today at 5:01 am by Rocky
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
Today at 4:59 am by Rocky
» Iraqi parliament resumes sessions on Monday with 'important' laws
Today at 4:58 am by Rocky
» The Central Bank of Iraq sells more than $894 million in three days
Today at 4:56 am by Rocky
» With the participation of the private sector.. Iraq studies a project to establish a large medical c
Today at 4:55 am by Rocky
» OPEC Secretary General: Crude Oil and Natural Gas are 'Gifts from God'
Today at 4:53 am by Rocky
» How much did the census cost in Iraq?
Today at 4:52 am by Rocky
» Türkiye hints at “good news” regarding Kurdistan oil exports.. What about the development path?
Today at 4:51 am by Rocky
» Minister of Education: Project No. 1 has reached its final stages and new schools will be announced
Today at 4:45 am by Rocky
» With Al-Mashhadani's support... Parliamentary move to activate the oversight role during the upcomin
Today at 4:44 am by Rocky
» Israel sends messages to Iraq: An expected strike and no options for deterrence
Today at 4:43 am by Rocky
» A government bank in Karbala embezzles installment amounts paid by a number of borrowers
Today at 4:41 am by Rocky
» Iraqi government begins measures to prevent oil “smuggling” from Kurdistan
Today at 4:40 am by Rocky
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
Today at 4:39 am by Rocky
» Al-Araji: The international coalition has great credit in helping Iraq defeat ISIS
Today at 4:38 am by Rocky
» Dollar price stability in Iraq
Today at 4:37 am by Rocky
» Trade announces a special application for the ration card that determines the mechanism for families
Today at 4:35 am by Rocky
» Iraqi exhibitions participate in the UFI conference in Germany
Today at 4:34 am by Rocky
» Industry: A plan to increase battery production and cover the needs of the local market
Today at 4:32 am by Rocky
» Health: We are studying the establishment of medical cities in Baghdad and the governorates with the
Today at 4:32 am by Rocky
» Foreign Minister: The government has taken internal and external steps regarding the threats of the
Today at 4:31 am by Rocky
» Immigration: Report to be submitted next month to curb illegal immigration
Today at 4:30 am by Rocky
» The Arab League will hold a meeting next Sunday to confront the threats of the Zionist entity, at th
Today at 4:29 am by Rocky
» Iraq comments on the threats of the Zionist entity
Today at 4:27 am by Rocky
» Al-Mandlawi: The International Court’s decision to arrest Netanyahu and his defense minister is a st
Today at 4:26 am by Rocky
» Supreme Census Authority: End of the second phase of the population census
Today at 4:24 am by Rocky
» An inside look at Iraq’s “fuel smuggling market”: New developments and smugglers “suffering”
Today at 4:21 am by Rocky
» Find out the dollar exchange rates in the Iraqi stock exchanges
Today at 4:20 am by Rocky
» New embezzlement operations revealed in a government bank in Karbala
Today at 4:19 am by Rocky
» Officially.. The Supreme Authority for Population Census sets the date for announcing the results
Today at 4:17 am by Rocky
» Prime Minister: It is hoped that the remaining 1,000 schools will be completed within two months - U
Today at 4:15 am by Rocky
» utube 11/19/24 MM&C Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
Yesterday at 5:00 am by Rocky
» Barzani: The relationship with Baghdad is good and no problem can be solved by force
Yesterday at 4:58 am by Rocky
» Al-Mashhadani: The international system today is “fluid and in crisis” and the Middle East crisis is
Yesterday at 4:57 am by Rocky
» Legal Center: Iraq is the fourth Arab country in child labor and there is a need to legislate a law
Yesterday at 4:56 am by Rocky
» Democratic: The new regional government is a coalition and one step away from negotiations to form i
Yesterday at 4:55 am by Rocky
» Parliament resumes its sessions next week... and clarification of the mechanism for extending its le
Yesterday at 4:54 am by Rocky
» A member of the Patriotic Union of Kurdistan stresses the need to pass the Kurdistan budget law, whi
Yesterday at 4:52 am by Rocky
» Framework warns: Agreement with Washington will be at stake if Iraq is bombed
Yesterday at 4:48 am by Rocky
» Protecting Iraq is an American duty: Security agreements are not just ink on paper
Yesterday at 4:46 am by Rocky
» Moderate leaders...are they able to guide the path at a regional crossroads?
Yesterday at 4:45 am by Rocky
» Politician reveals political agreements to vote on personal status law
Yesterday at 4:42 am by Rocky
» US report shows the importance of the population census in Iraq: It will reshape this map
Yesterday at 4:40 am by Rocky
» Dollar-Dinar Exchange Rate Gap: Causes and Treatments
Yesterday at 4:30 am by Rocky
» The Fifth Forum for Peace and Security in the Middle East kicks off in Dohuk with the participation
Yesterday at 4:28 am by Rocky
» Planning for / Nina /: The census results will be announced at this time and we implemented the proj
Yesterday at 4:26 am by Rocky
» Former MP: Worrying circumstances accompanied the population census process in Basra
Yesterday at 4:25 am by Rocky
» MP Hassan Al-Asadi brings good news to a group of those covered by Article 140
Yesterday at 4:22 am by Rocky
» Economist: Total cost of general population census reached 951 billion dinars
Yesterday at 4:20 am by Rocky
» Israel's complaint against Iraq.. a prelude to an expected military action - Urgent
Yesterday at 4:19 am by Rocky
» Mahmoud Al-Mashhadani: What is happening today in the Middle East is a “vital area for the second Na
Yesterday at 4:18 am by Rocky
» The complex of forming the regional government is exacerbated by the adherence to the “old faces”
Yesterday at 4:16 am by Rocky
» Bitcoin hits new record
Yesterday at 4:12 am by Rocky
» Prime Minister's Advisor: National Development Plan 2024-2028 depends on census results
Yesterday at 4:10 am by Rocky
» Al-Abadi responds to Senator Lindsey Graham's statement: Incites new conflicts and wars
Yesterday at 4:08 am by Rocky
» War developments portend danger in Iraq.. Israeli threatening messages arrived via a regional state
Yesterday at 4:07 am by Rocky
» Controversy over Kurdish citizens entering Kirkuk before the population census.. What's the story?
Yesterday at 4:05 am by Rocky
» MP reveals date of passing general amnesty and personal status laws
Yesterday at 4:04 am by Rocky
» Economist: The census will lead to an increase in the share of some governorates in regional develop
Yesterday at 4:03 am by Rocky
» Al-Sudani directs to equip border forces with modern weapons and secure all their requirements
Yesterday at 3:59 am by Rocky
» Iraqi government: We are making great efforts to control the influence of factions inside Iraq
Yesterday at 3:57 am by Rocky
» utube 11/18/24 US President Donald Trump Statement About Iraqi Dinar New RateIraqi Dinar News
Thu 21 Nov 2024, 5:01 am by Rocky
» Mazhar Saleh: Population census is the basis for achieving optimal development
Thu 21 Nov 2024, 4:51 am by Rocky
» Setting the date for announcing the preliminary results of the population census
Thu 21 Nov 2024, 4:49 am by Rocky
» Kurdish MP: Population census will affect all governorates financially
Thu 21 Nov 2024, 4:48 am by Rocky
» Between Israeli accusations and Baghdad's position: Is Iraq heading towards an international confron
Thu 21 Nov 2024, 4:46 am by Rocky
» Al-Sudani renews his directives on the necessity of completing service projects within the previousl
Thu 21 Nov 2024, 4:44 am by Rocky
» Political movement calls on parliament to strike dens of corruption
Thu 21 Nov 2024, 4:42 am by Rocky
» MP criticizes the Foreign Ministry's performance towards the Turkish occupation
Thu 21 Nov 2024, 4:41 am by Rocky
» Parliamentary Economy Committee criticizes the government’s withdrawal of the Public-Private Partner
Thu 21 Nov 2024, 4:40 am by Rocky
» Before the vote... Washington moves its agendas to prevent the approval of the personal status law
Thu 21 Nov 2024, 4:39 am by Rocky
» Al-Maliki: The Zionist entity seeks to strike Iraq through its expansionist war
Thu 21 Nov 2024, 4:37 am by Rocky
» MP identifies 3 black images of the American role in the Middle East
Thu 21 Nov 2024, 4:36 am by Rocky
» Where is the Baghdad-Washington agreement? The Zionist entity provokes Iraq and threatens to bomb it
Thu 21 Nov 2024, 4:35 am by Rocky
» Durable goods are an open option for citizens.. Planning indicates a high response to the population
Thu 21 Nov 2024, 4:34 am by Rocky
» Parliamentary Legal: The regional government is trying to change the demographics of Kirkuk to regai
Thu 21 Nov 2024, 4:33 am by Rocky
» Arrest warrant issued for Anbar Council member for involvement in corruption and terrorism cases
Thu 21 Nov 2024, 4:32 am by Rocky
» Al-Sudani directs continued payment of wages to workers on a "daily wage" during the two days of the
Thu 21 Nov 2024, 4:29 am by Rocky
» What is the relationship between the population census and the national development plan? Al-Sudani’
Thu 21 Nov 2024, 4:28 am by Rocky
» Iraq's seaborne crude oil exports decline
Thu 21 Nov 2024, 4:26 am by Rocky
» Will the population increase the number of representatives in Iraq?
Thu 21 Nov 2024, 4:25 am by Rocky
» In cooperation with the United Nations Population Fund.. The first population census in Iraq in more
Thu 21 Nov 2024, 4:23 am by Rocky
» Jordanian company completes strategic submersible pumps project in Iraq
Thu 21 Nov 2024, 4:21 am by Rocky
» Rasool: The government is pursuing anyone involved in activities that threaten Iraq's security
Thu 21 Nov 2024, 4:19 am by Rocky
» US military creates air bridge from Iraq to Syria
Thu 21 Nov 2024, 4:16 am by Rocky
» Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region
Thu 21 Nov 2024, 4:14 am by Rocky
» Know the secrets of the Iraqi house.. Baghdad demands that Washington deter Israel
Thu 21 Nov 2024, 4:13 am by Rocky
» On the second day of the curfew, Al-Sudani tours Baghdad and “meets citizens”
Thu 21 Nov 2024, 4:11 am by Rocky
» Planning: Slums are counted as a fact in the population census
Thu 21 Nov 2024, 4:10 am by Rocky
» Despite problems, Iraq and Turkey agree to increase trade exchange
Thu 21 Nov 2024, 4:09 am by Rocky
» Iraqi regions detect drones.. and Washington informs Baghdad of "exhausting" its pressure on the ent
Thu 21 Nov 2024, 4:04 am by Rocky
» Bitcoin breaks $97,000 barrier for the first time in its history
Thu 21 Nov 2024, 4:02 am by Rocky
» A difference of more than two million people: Iraqi or international estimates? Who will prove the a
Thu 21 Nov 2024, 4:01 am by Rocky
» In numbers.. UAE exports to Iraq grow significantly
Thu 21 Nov 2024, 3:59 am by Rocky