THE PLACE OF IRAQ IN THE WORLD OIL MARKET

Abstract

Iraq has once again attracted attention with its huge oil reserves and the oil production it has increased in recent years. Iraq, whose oil industry was damaged due to wars and could not get the desired efficiency from it, was last shaken by ISIS attacks in 2014 and lost its oil infrastructure to a large extent. The country, which has healed the wounds of the ISIS attacks, has started to re-invest in the oil industry and has implemented new projects. Thus, Iraq claims to increase its oil production and become a major player in the world oil sector. Based on the statistical data, the present study investigates whether the movement in Iraq's oil sector in recent years supports this claim