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Employees of the Saudi Aramco oil company.Kamran Jebreili/AP
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In this December 13, 2009 file photo, Iraqi laborers work at the Rumaila oil refinery, near the city of Basra. (AP Photo/Nabil Al-Jurani)
Iraq says China seeking 70 percent more crude in 2014
Daegu, Reuters—Iraq said China is seeking to increase purchases of its crude by more than two-thirds next year, stepping up the rivalry between Baghdad and top exporter Saudi Arabia for a bigger slice of the growing Asian market. Rapid increases in Iraq’s oil...Caption:
A non-associated gas processing facility. (Photograph: Saudi Aramco)
Saudi Arabia to join US as shale gas producer
Daegu, Reuters—OPEC heavyweight Saudi Arabia is preparing to be among the first countries outside North America to use shale gas for power generation and thereby save more of its crude oil for lucrative exports. Inspired by a shale gas boom in the United States, which...Caption:
File photo—An oil pump operates in the desert oil fields of Sakhir, Bahrain, at sunset on October 29, 2012. (AP Photo/Hasan Jamali)