Iraq Targets China, Avoids 'Clean Energy' Europe

Iraq plans to increase oil exports to Asia, especially India and China, the State Oil Marketing Organization (SOMO) Director General Falah al-Amri said in Baghdad.

“Europe is an old market, and it has made plans to diversify away from oil to cleaner alternatives,” Amri said in a speech marking the 50th anniversary of the Organization of Petroleum Exporting Countries. “India and China are different. They are using tremendous amounts of oil.”

(Source: Bloomberg)

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