Iraq said on Friday it had promised South Korea it can make up for oil supply shortages, after an official from Seoul visited Baghdad seeking alternatives if sanctions force Korea to cut purchases from Iran. Iraqi Deputy Prime Minister for Energy Hussain al-Shahristani met South Korean Deputy Energy Minister Cho Seok in Baghdad on Thursday. “Shahristani confirmed to the Koreans that Iraq is fully prepared to provide South Korea with crude if needed for the time being, and liquefied natural gas in the future, especially after the rise in Iraqi production, which exceeded 3 million barrels per day,” Shahristani’s spokesman Faisal Abdullah said.
GMT 18:55 2018 Friday ,14 December
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Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:01 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:32 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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