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What happens to oil markets if Iraq collapses?

Posted on 31 July 2013

Oil production from Iraq may be in decline along with political stability in the country. The government aims to produce 9 million barrels of oil per day by the end of the decade. A weekend attack on an oil pipeline to Turkey, however, highlights some of the export restrictions that are keeping investors at bay.
Iraq’s oil production increased exponentially between 2010 and 2012. Without the external support keeping the country’s economic and political systems in check, however, the country may collapse under the weight of both domestic and regional pressures………………………………………..Full Article: Source


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VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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