Israel Loses 77% of its Rock-Bottom Pices’ Oil Needs

YemenExtra

Y.A

Israeli prime minister Benjamin Netanyahu is very angry at Baghdad’s decision to drive back pro-Barzani troops from significant cities and energy sites in Iraq.

One week ago, Iraqi pro-government forces waged a powerful attack along the entire Kurdish frontier in northwestern Iraq, freeing a number of cities and towns and re-claiming from pro-Barzani militants the strategic Kirkuk oilfields and the Mosul Dam.

Perhaps more angry at this result than Barzani loyalists is Israeli prime minister Benjamin Netanyahu and the Israeli government on a whole whose sense of oil security has been somewhat violated .

As a result of losing control over Kirkuk , Israel loses 77 percent (2015 estimate according to the Financial Times) of its imported oil needs at rock-bottom prices.

The Israeli head of state is currently lobbying world powers to take action against Haider Al-Abadi’s government and regain the victories of Iraqi forces.

Whilst it is highly unlikely that Baghdad will cease sending oil to Israel, the price for its purchase will undoubtedly rises to levels that Israel is traditionally upset with.