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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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.
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