By John Lee. Iraq and Russia are leading the global surge in oil exports despite a highly competitive market. This has maintained low prices not seen since 2009, with a February settlement for Brent Crude at $56.42 a barrel. Bloomberg reported record export data of 10.6 million barrels a day from Russia and 2.9 million bpd […]
Tag Archives | rentier state
Tags: Brent crude, China, Iraq, Iraq Oil Exports News, Oil and Gas, OPEC, rentier state, Russia, Saudi Arabia, Shale Gas
No Excuse for Excessive Holidays
By Editor on 20th November 2014 in Blog, Employment, Iraq Industry & Trade News, Iraq Oil & Gas News
By Padraig O'Hannelly. A recent report from Al Monitor highlights the shocking number of official and unofficial holidays in Iraq, and the affect that this is having on commercial activity and education. But that's just part of the picture. Due to its plentiful oil reserves, many would consider Iraq to be an example of a […]