TRENDS IN OIL EXPORTS TO IRAQ AND OPPORTUNITIES TO DIVERSIFY THEM IN LIGHT OF THE REPERCUSSIONS OF THE (RUSSIAN-UKRAINIAN) WAR

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MUSTAFA LAFTA BADR AL-JAYASHI, ABDUL KARIM JABER SHANJAR AL-ISSAWI

Abstract

Iraqi oil has a great opportunity to diversify its purchase by countries consuming Russian crude oil, if Iraq can take advantage of the opportunity to develop its oil industry and increase export outlets, as Iraq can meet the demand from countries consuming crude oil because of its huge reserves and low production costs. The study concluded that it is expected that a state of instability will occur in the global oil markets due to the US and European sanctions on Russian oil exports, which creates a state of uncertainty. destined for the Asian markets, but it is possible for Iraq to avoid these negative effects if it works to conclude long-term oil agreements with countries that import crude oil, especially with India and China. It also recommended the need to develop the Iraqi oil fleet and to develop its staff working on it.

Article Details

Section
Corporate / Business Law
Author Biography

MUSTAFA LAFTA BADR AL-JAYASHI, ABDUL KARIM JABER SHANJAR AL-ISSAWI

1MUSTAFA LAFTA BADR AL-JAYASHI, 2PROF. DR. ABDUL KARIM JABER SHANJAR AL-ISSAWI

1,2Department of Economics

College of Administration and Economics University of Al-Qadisiyah Iraq

 

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