Thursday, December 15, 2011

Libya, Iraq 'will impact on oil trends in 2012'

The evolving political situation in Libya, the increased stability in Iraq and the global push for shale gas will have a great impact on the oil and gas martkets next year, a report said.

The third annual Oil & Gas reality check report from Deloitte Touche Tohmatsu (DTTL), recently released at the World Petroleum Congress (WPC) in Doha, examines how the oil and gas sector could evolve in the coming year considering the potential impact of trends that emerged in 2011.

In Iraq, the increase in stability and decrease in violence could help the government ramp up its oil production capacity, but the country?s infrastructure may not be equipped to support an increase in production
Copyright 2011 Al Hilal Publishing & Marketing Group

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Source: http://www.albawaba.com/libya-iraq-will-impact-oil-trends-2012-405559

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