ShippingWatch

Iraq back as fastest growing oil exporter

Iraq has reclaimed the title of the world's fastest growing oil exporter following the decline in the Libyan oil export, due to the conflict in that country.

The Libyan oil export has suffered immensely from the conflict ravaging the country, and this in turn benefits Iraq, as the country has now reclaimed the top spot among the world's fastest growing oil exporters. According to Reuters, Iraq is already the second-largest producer among OPEC nations.

This in spite of the fact that the war in Syria has created unrest in parts of the country, and Iraq will likely present one of the largest annual output improvements, as oil companies such as BP, Exxon Mobil, and several others are using the country's southern oil fields, which are not affected by the turmoil.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs