Conflict Libya Oil Prices Not Important, Economists express the geopolitical conflicts that are taking place in Libya at this time will not be extreme and permanent impact on world oil prices. Because, Libya did not enter the main producer of oil in the world.
Conflict Libya Oil Prices Not Important, "Although Libya has the largest oil reserves in North Africa, but production is still below," said Standard Chartered Bank senior economist Fauzi Ichsan, while giving exposure to the Crown Hotel, today (29 / 3).
Standard Chartered economist Eric Sugandi mengimbuhkan Libya's oil production reached 1.3 million barrels per day. Little different with Indonesia's production target of 970 thousand barrels per day. Meanwhile, major producing countries reached more than 2 million barrels per day.
Russia is ranked first with nearly 10 million barrels per day, Saudi Arabia 8-9 million barrels per day, the United States of 5-6 million barrels per day, Iran and China 4-5 million barrels per day, the rest of Canada, Mexico, Nigeria , United Arab Emirates, Iraq, Kuwait, Venezuela, Brazil, Norway and Algeria are also nearly equivalent to about 2-3 million barrels per day.
In the Middle East and Africa, Libya is also not the primary producer. Niche oil production of Saudi Arabia and Iran far left Libya. Maing respective controls 9.8 percent and 4.7 percent of world oil production market.
Nevertheless, Libya's oil reserves are the terkokoh in Africa. Which reached 46.4 billion barrels during 2011. Beat Nigeria to reach 37.2 billion barrels, Algeria 12.2 billion barrels, 9.5 billion barrels of Angola, Sudan 5 billion barrels, and Egypt 4.4 billion barrels.
Libya is also an important supplier of petroleum for the two European countries, Italy and France. This is why Europe looks very angry at Libya. "World oil production is concentrated in the Middle East. It seems that lust was not American, but European countries," he said.
However, Fauzi optimistic world oil prices will be stable. Although he could not predict when the condition of geopolitics in the Middle East and North Africa will end.
Conflict Libya Oil Prices Not Important, "Although Libya has the largest oil reserves in North Africa, but production is still below," said Standard Chartered Bank senior economist Fauzi Ichsan, while giving exposure to the Crown Hotel, today (29 / 3).
Standard Chartered economist Eric Sugandi mengimbuhkan Libya's oil production reached 1.3 million barrels per day. Little different with Indonesia's production target of 970 thousand barrels per day. Meanwhile, major producing countries reached more than 2 million barrels per day.
Russia is ranked first with nearly 10 million barrels per day, Saudi Arabia 8-9 million barrels per day, the United States of 5-6 million barrels per day, Iran and China 4-5 million barrels per day, the rest of Canada, Mexico, Nigeria , United Arab Emirates, Iraq, Kuwait, Venezuela, Brazil, Norway and Algeria are also nearly equivalent to about 2-3 million barrels per day.
In the Middle East and Africa, Libya is also not the primary producer. Niche oil production of Saudi Arabia and Iran far left Libya. Maing respective controls 9.8 percent and 4.7 percent of world oil production market.
Nevertheless, Libya's oil reserves are the terkokoh in Africa. Which reached 46.4 billion barrels during 2011. Beat Nigeria to reach 37.2 billion barrels, Algeria 12.2 billion barrels, 9.5 billion barrels of Angola, Sudan 5 billion barrels, and Egypt 4.4 billion barrels.
Libya is also an important supplier of petroleum for the two European countries, Italy and France. This is why Europe looks very angry at Libya. "World oil production is concentrated in the Middle East. It seems that lust was not American, but European countries," he said.
However, Fauzi optimistic world oil prices will be stable. Although he could not predict when the condition of geopolitics in the Middle East and North Africa will end.
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