Buy Iraq bitumen
Buy Iraq bitumen
In this article, we will tell you the global matters that affect the fact” buy Iraq bitumen ” notably. First, they actively involve Chinese oil companies
in Iraqi oil projects; In September last year, former Iraqi Prime Minister
Adel Abdul-Mahdi traveled to Beijing to meet with the Chinese president;
During the meeting, the two sides expressed their desire to increase trade to
$30 billion a year. During the meeting, China announced its plan to
invest $20 billion in Iraq.
Russia and China compete for the Iraqi oil industry and “buy Iraq bitumen”
According to Mr. Abdul Mahdi, the daily export of one million barrels of oil
from Iraq to China could provide the financial framework for large-scale infrastructure projects. China also plans to use Iraqi infrastructure in the
“One Road, One Belt” project. Russian oil companies, including Luvil Oil
and Gazprom, are currently in Iraq with long-term contracts. Earlier this
month, Donald Trump stressed that the small US presence in Iraq was due to
Iran not taking action; Whether the American forces withdraw completely
from Iraq or some of these forces remain in Iraq. The presence and
investment of American companies in Iraq’s oil fields will continue.
The Middle East Bitumen
It’s also worth mentioning that Washington does not want Russian and
Chinese companies to be active in Iraq’s oil fields, and US companies to
be unable to take a share of the Iraqi energy market. The importance
of the presence and investment of American energy companies in
Iraq is becoming increasingly clear. If the projects of American companies
become operational, Iraq’s need for electricity and gas imported from Iran
will be bold, which will not be to Iran’s liking.buy Iraq bitumen
As a matter of fact, citing data from three reports from tanker trucking companies, including tankers, the Reuters news agency reported that Iran’s
oil exports in September increased significantly compared to the previous month. Tanker trackers told the news agency that Iran’s oil exports in
September “doubled” compared to the previous month of August,
with “11%” being very light crude oil known as condensate.
It’s also important to know that Iran’s economy was severe due to US
unilateral sanctions and rising oil sales could be a lifesaver for the Iranian government. Since the US withdrawal from the agreement in 2018,
oil and banking sanctions have severely weakened Iran’s economy. Iranian President Hassan Rouhani recently said that the country has been in
an “economic war” for the past two-and-a-half years, which “is no joke.”buy Iraq bitumen
