Iraq expects to sharply increase the amount of oil it sells to China in 2014, building its market share for this year in 2014 even further, Falah al-Amiri, director general of Iraq's State Oil Marketing Organization, SOMO, said Wednesday.
Iraq
expects to sharply increase the amount of oil it sells to
China
in
2014, building its market share for this year in 2014 even further, Falah
al-Amiri, director general of
Iraq
's
State Oil Marketing Organization, SOMO, said Wednesday.
"At the moment, China takes nearly 600,000 barrels per day but next year
probably they will get 800,000 or 850,000 barrels a day," Mr. al-Amiri
said on the sidelines of the World Energy Congress in Daegu, about 300
kilometers southeast of South Korea's capital.
He added that no final decision has been made on increasing supplies to
China
, but
talks with oil companies will conclude by the end of November or early
December.
Iraq
overtook
Iran
this
year to become
China
's
fifth-largest oil supplier.
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