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.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr

Διαβάστε ακόμα