More Iran oil post-sanctions, aimed at Asia, may hurt Iraq

March 31, 2015 7:13 AM

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DUBAI/NEW DELHI/HONG KONG (Reuters) – A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable.

The latest twist to the saga of aggressive marketing is the world oil glut and low prices, likely to fall more with added Iranian crude, making Tehran’s battle for market share tougher.

Also read: Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

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