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Iraq beats Saudi Arabia as the largest oil exporter to India
10/29/15
At a time when Saudi Arabia is shrinking share of the Indian market share increased in Iraq and one of the fastest growing markets of the world, and by offering attractive prices.
BAGHDAD / Obelisk: Iraq was able to excel on Saudi Arabia as the largest oil exporter to India in September for the third time this year, and is being done in the framework of the competition between the two members of the 'OPEC' on the Asian markets.
According to the agency 'Russia Today' that 'data for the month of September showed that India imported about 640 thousand barrels per day from Saudi Arabia in the month of September, which represents 17% of its imports after it was about 22% in August, while India bought about 20% of the imports from Iraq in the last month '.
At a time when Saudi Arabia is shrinking share of the Indian market share increased in Iraq and one of the fastest growing markets of the world, and by offering attractive prices.
A senior analyst at 'KBC' Consultancy based in London Haq, said that 'Saudi oil sells at the official rate on fixed-term agreements, while Iraqi oil is sold in the spot market and in the market is enormous and oversupplied usually find that the Iraqi barrels are sold at a discount for the official price '.
He said the right 'when Iran back to the market will be a heated battle between Iran, Iraq and Saudi Arabia. "
Saudi Arabia was lost its status as the largest exporter of crude oil to China last month, as Russia has been replaced as the largest supplier to China for the second time this year, traders attributed to an increase in Saudi Arabia's official selling price.
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10/29/15
At a time when Saudi Arabia is shrinking share of the Indian market share increased in Iraq and one of the fastest growing markets of the world, and by offering attractive prices.
BAGHDAD / Obelisk: Iraq was able to excel on Saudi Arabia as the largest oil exporter to India in September for the third time this year, and is being done in the framework of the competition between the two members of the 'OPEC' on the Asian markets.
According to the agency 'Russia Today' that 'data for the month of September showed that India imported about 640 thousand barrels per day from Saudi Arabia in the month of September, which represents 17% of its imports after it was about 22% in August, while India bought about 20% of the imports from Iraq in the last month '.
At a time when Saudi Arabia is shrinking share of the Indian market share increased in Iraq and one of the fastest growing markets of the world, and by offering attractive prices.
A senior analyst at 'KBC' Consultancy based in London Haq, said that 'Saudi oil sells at the official rate on fixed-term agreements, while Iraqi oil is sold in the spot market and in the market is enormous and oversupplied usually find that the Iraqi barrels are sold at a discount for the official price '.
He said the right 'when Iran back to the market will be a heated battle between Iran, Iraq and Saudi Arabia. "
Saudi Arabia was lost its status as the largest exporter of crude oil to China last month, as Russia has been replaced as the largest supplier to China for the second time this year, traders attributed to an increase in Saudi Arabia's official selling price.
[You must be registered and logged in to see this link.]
