Iraq will be the largest in the world oil power

The newspaper “The Washington Times” The increase in US oil production in Iraq could determine the future of world oil prices in the coming years, especially after the Iraq increased the size of its production last year to reach in December to 3.4 million barrels per day .

The paper said the US that Iraq may be the only country in the world which still contains large amounts of crude oil, which does not require expensive equipment to extract as it close to the occupation of the first rank as the largest oil exporter in the world .

Perhaps one of the most important reasons for the existence of this type of oil in Iraq, is a long war and economic sanctions on the country, which has maintained the presence of oil without being touched by one.

Iraq has exported crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf, as well as Turkish port of Ceyhan on the Mediterranean Sea, and through the truck by truck to Jordan, and percentage of Iraqi exports from the Basra oil about 90 percent, while the remaining issue of oil fields Kirkuk, north of the country through the Turkish port of Ceyhan.