Energy industry experts have said that the security crisis in Iraq will affect oil prices in China and change the mix of the country's overseas oil supply sources in the long run.
Lin Boqiang, director of the China Center for Energy Economic Research at Xiamen University said that it is almost certain that the situation in Iraq will drive up oil prices in China, China Daily reported.
China depends on the world market for nearly 60 percent of its annual petroleum use and Iraq is its fifth-largest crude oil supplier.
