Extremists on Baghdad or bombing will make American oil prices rose above $110

[Global Times comprehensive report] the Iraqi armed conflict exacerbated investors worried about the international oil prices will continue to rise. The international oil price is still near nine month highs, according to the British Reuters reports Cheap Beanies 17 days, American crude oil futures CLc1 Tuesday at $106.76 a barrel, compared to last Friday declined slightly, but investors are still possible disruption to supplies remain vigilant. "Extremists on Baghdad discount jerseys or bombing will make American oil prices rose above $110, and this will in the near future for the global economy a drag", Sumitomo Mitsui bank chief analyst Uno Daisuke said.

Reuters said, "Islamic state of Iraq and the Levant" militants occupied cheap NFL Jerseys northern Iraq Mosul etc.. Iraq's biggest Baiji petroleum refinery officials said 17, the factory has been closed. Cheap new era hats However, BP chief executive Bob · Dudley said Tuesday, Iraqi oil supply terminal risk remains limited, "I don't think this supply difficulties and unrest will transfer to southern Iraq, where is the Iraqi oil industry operations center." Oil officials Iraqi Kurdistan said, still expect oil exports of the region to be raised to 400000 barrels a day by the end of 2014.

Chinese three major oil companies in Iraq's oil investment was mainly concentrated in the south. "Global Times" reporter from an employee at the oil in the local field to understand, if the Iraqi government dispatched military power, control of extremist groups live will not spread to the south southeast of oil and petroleum refinery. If the conflict will soon be control, not for Iraq's oil industry influence. Reuters reported previously, the 2014 oil exports to China Iraq plans to increase 68%, to 882000 barrels a day. In 2013, Iraq's oil daily output 2980000 barrels.

is currently China on Iraq's investment mainly concentrated in the oil field and engineering construction. In the general manager of the Iraqi business Oriental Dragon Trade Engineering Company Chen Xianzhong 17 on the "Global Times" reporter said, at present in the Chinese funded institutions in Iraq is mainly composed of Chinese offshore investment Maysan oilfields, Chinese petroleum investment in construction of AI Hardy cloth, Rumaila, halfaya, West Qurna four oil fields, cheap soccer jerseys power generation project in Shanghai electrical, Chinese building materials for cement plant, and hydropower and other Chinese funded enterprises contracted to build infrastructure projects. About a dozen engineering has thousands of names Chinese employees.

is currently the foreign oil companies in Iraq Iraqi government investment unified use "technical service contract". A Ministry of Commerce official who worked in the Middle East had said on the "Global Times", block investment and development Chinese enterprises to participate in, is just a part of technical services or products, the chain China enterprises involved in the relatively long, is not a simple project, with investment in commercial activities.

Chen Xianzhong said, in recent years, Iraq China self-employed business also many, have a massage parlor, and some business shop or stall peddler >