iraq oil almanac an openoil reference guide in Haiti

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  • iraq oil almanac an openoil reference guide in Haiti
  • iraq oil almanac an openoil reference guide in Haiti
  • iraq oil almanac an openoil reference guide in Haiti
  • iraq oil almanac an openoil reference guide in Haiti

Iraqi Oil Industry Research Papers Academia.edu

Iraqi Oil: industry evolution and short and medium-term

Iraqi Oil: industry evolution and short and medium-term

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  • Why are Iraqi crude oil yields so high?
  • The lack of investment in cracking capacity at Iraq’s refineries has meant that processing Iraqi crudes has led to high fuel oil yields on distillation (with 50 per cent of every barrel processed coming out as fuel oil, see Figures 20 and 21).
  • How did Iraq respond to the oil price cycle?
  • Examining Iraq’s response to the previous oil price cycle offers some indication about the measures it will most likely take to cope with its current predicament. When global oil prices started falling in 2014, Iraq reacted by drastically cutting its capital spending.
  • How has Iraq impacted the global oil market?
  • From 2014 to 2016, Iraq was one of the largest contributors to incremental production growth in the global oil market, having added approximately 2 mb/d between 2009–16, see Figure 5. As previously mentioned, the period 2012–14 saw a number of delays to production gains (due to storage and export bottlenecks, despite active drilling).
  • What makes Iraq's refinery complex a 'catch-up'?
  • Iraq’s refining complex has a number of characteristics: first, all Iraq’s refineries are simple hydro-skimming refineries with high fuel oil surpluses; second, they lack upgrading facilities. The failure of Iraq’s downstream to play ‘catch-up’ with its upstream has highlighted a number of stresses in the country’s oil sector:

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