Home Posts Tagged "Iraq oil"

Iraq oil

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Military advances in Southern Iraq by Sunni Islamist anarchists, who took over two Iraqi cities earlier this week could disrupt oil supplies if Baghdad …

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he International Energy Agency informed on the 9th of October that Iraq’s oil output would probably double in the next decade. In addition, Iraq will not only supply approximately half the growth in the global oil output but it will also be a key driver of crude prices as well. However delays to investment could lead to shrinking of global oil market and push crude prices much higher.

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Total S.A., French energy giant, was given an ultimatum by Iraq’s government. Total has to either terminate its deals with the autonomous Kurdistan region in the north of Iraq or to sell out its stake in a southern oilfield. Iraq, an OPEC member, has emphasized the fact that only central government has right to sign up petroleum deals.

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