Home / Knowledge / News / Textiles / Oil industry foresees prosperous year
Oil industry foresees prosperous year
30
Jan '08
Oil has become a boiling topic in international arena, with its infinite demand, drying reserves and volatile prices.

However, there seems to be some hope, at last! Recently, the Iraqi Oil Ministry announced the country expects to record higher oil output this year.

It has been revealed that the Iraq's oil production might rise by as much as 400,000 barrels per day, this year.

Several proposed and promising contracts that Baghdad is most likely to finalize, will further add to the positive future.

This city anticipates oil output of 2.6-2.7 million barrels per day, representing a significant growth from the current 2.3 million barrels per day.

Experts believe that this is a perfect time for such boost in production, especially since the international oil prices are skyrocketing. If the country manages to expand its exports successfully, like it expects, Iraq will earn much higher profits.

Must ReadView All

Courtesy: Walmart

Apparel/Garments | On 23rd Mar 2017

Walmart acquires ModCloth

Walmart has acquired the assets and operations of ModCloth, one of...

Textiles | On 23rd Mar 2017

SIMA advises mills to avoid panic buying of cotton

The Southern India Mills' Association (SIMA) is advising mills to...

Apparel/Garments | On 23rd Mar 2017

Tulip Retail, True Fit personalise in-store shopping

Tulip Retail, a mobile application platform built exclusively for...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search