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View Full Version : Iraq’s Oil Exports At 15-Month Plateau, While Prices Drop



JWing
06-25-2013, 04:35 PM
Iraq’s oil exports made a large jump from 2011 to 2012, but have since flat-lined. For the last fifteen months they have stayed at relatively the same level. The country was still profiting due to high oil prices. In the last two months that has changed however, as the price per barrel of Iraqi crude has fallen below $100. This poses a dilemma for the country as its entire development plan is based upon boosting its exports as quickly as possible, but it currently lacks the infrastructure to achieve that, and now the world oil market is changing.

continued (http://www.musingsoniraq.blogspot.com/2013/06/iraqs-oil-exports-at-15-month-plateau.html)