The consequences of the war in Iraq on the petrol market

The consequences of the recent war in Iraq on the petrol market reflect both the United States’ concern to re-establish political stability in a country that is an important petrol reserve for their future furnishing and the expression of rivalry between Russia and the United States for the control of that region. Iraq is a chief piece of the Western “petrol water castle”. It is also a key argument of the confrontation between Russia and the United States for the control and the valorisation of hydrocarbons in the region. The European Union only plays a modest part on this question. – Summary AFRI-2004