In 2012, oil demand by emerging economies must overcome first demand in industrialized countries. Industrial production is a determining factor in the development of oil prices. And the emerging markets have a greater intensity of use of the product than in developed economies. Every year, China will need 500 to 600 thousand barrels per day more than other sources, increasing competition for the development of new exploration wells of the product.

It is expected that the contribution of Iraq in the global oil production will increase significantly in the medium and long term. Iraq produced up to 3 million barrels per day before the first Gulf War in August 1990. Now, production was resumed, and is not affected by local political decisions, can reach the 3 million new barrels a day over the next two years.