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| Potential of Iraq Crude |
By Grant Smith
More than 1
million barrels from Iraq’s Kurdish region were shipped from Turkey to Europe
last week, according to Turkish Energy Minister Taner Yildiz and Kurdish
authorities. Iraq’s government, which says the Kurds have no right to sell oil
independently, tried to stop the shipment and asked theInternational Chamber of Commerce to intervene.
“Iraq has a
huge amount of potential, and yes, there will be delays, but they will
deliver,” Amrita Sen, chief oil market strategist at Energy Aspects Ltd. in
London, said by e-mail on May 6. The consultant forecasts production of 3.3
million barrels a day this year, rising to 3.65 million in 2015.
Credit: Bloomberg.net
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