Iraq sees more demand for its crude than it can supply

摘要

Abu Dhabi-Iraq, which is has been pumping above its OPEC quota, is seeing more demand for its crude exports than it can supply, its oil minister said Tuesday ahead of a key OPEC+ ministerial meeting where supply quotas may be a contentious subject. “Until now we have seen more demand than we can offer,” Thamir Ghadhban told journalists on the sidelines of a conference in Abu Dhabi. “We have been contacted by oil companies and traders who we do not even deal with because of the nature of our oil and the technology of refineries that prefer our oil to the very light [US] shale oil.”