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[ltr][rtl]History[/rtl] of [rtl]edits:: 2017/1/23 12:43 • 34 visits readable[/rtl][/ltr]
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[Oan- Baghdad]
The Oil Ministry announced that it "does not see the need" to extend the freeze on crude production agreement in accordance with the OPEC agreement and joined him in Iraq.
The agreement, which was reached on the tenth of December, between producers from OPEC members and producers from the outside is the first of its kind since 2001, it was agreed to reduce production at a level of 32.5 million barrels a day and reach Iraq's share of the reduction of 210,000 barrels came into effect since the beginning of this month.
He said ministry spokesman Assem Jihad told all of Iraq [where], "there are good signs of the obligation of States agreement to freeze oil production, according to the OPEC agreement, and reflected positively on oil prices," adding that "the producing countries from inside and outside OPEC reaffirmed its commitment to the roof of the reduction was passed end of last year and the positive signals reflected on the world oil markets. "
"It is a rare occasion in which so happens agreement and is committed to its members after decades and reflects what sensed by the producing countries of the importance of solidarity and commitment on crystallizing a unified stance toward lower oil prices, and everyone felt this responsibility was this agreement and believe it is a step in the right direction."
He pointed jihad to "positive signals after the adoption of this resolution, where oil prices are good levels rose and hope to rise more to achieve producing countries plans to withdraw the excess oil from the market and create some kind of balance between supply and demand and to make producers optimistic on that side."
He noted, "We hear now that he can be the success of this plan during the first six months of this year and nothing calls to extend the agreement for an additional period because the goal of it began to happen and there is optimism in this direction."
Iraq's position and if McCann wants to extend the freeze agreement, spokesman for the Oil Ministry said, "Why do we extend the agreement if it achieved its aim? Why be extended for another six months?" He pointed out that "everyone confirms that this decision of my time goal to contain the problem of oversupply in the global oil market and the positive indicators suggest not to extend this agreement to support oil prices, and therefore producing states achieved that goal and the stability of the oil market."
The energy ministers of OPEC member states and beyond met in Vienna on Sunday and voiced optimism about a cut in oil production agreement at a time when the committee charged with following up bound by the Agreement held its first meeting.
He said Kuwaiti Oil Minister Essam Marzouk, who heads the committee, consisting of five members, they will examine the best way to comply with the acceptable level of commitment.
Among Marzouq The OPEC meeting yesterday with independent producers ended with an agreement to fully abide by reducing production monitoring mechanism.
And reduced Iraq under the agreement produced 160,000 barrels per day, down to the prescribed percentage of it, amounting to 210,000 barrels later this month.
The oil minister, Ali Jabar Luaibi, in more than one occasion, Iraq's commitment to the agreement, "but we aspire to a price of $ 65 a barrel."
He said the Saudi Energy Minister Khalid al-Falih Almadio Friday that 1.5 million barrels of oil had been withdrawn from the market in January and that out of the 1.8 million barrels the producers agreed to remove them from the market.
Brent prices ranged weeks ago at 54. 55 dollars a barrel.
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Oil's [where]: satisfied abide by the freeze does not see the need to extend it
[/ltr][ltr][rtl]History[/rtl] of [rtl]edits:: 2017/1/23 12:43 • 34 visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Oan- Baghdad]
The Oil Ministry announced that it "does not see the need" to extend the freeze on crude production agreement in accordance with the OPEC agreement and joined him in Iraq.
The agreement, which was reached on the tenth of December, between producers from OPEC members and producers from the outside is the first of its kind since 2001, it was agreed to reduce production at a level of 32.5 million barrels a day and reach Iraq's share of the reduction of 210,000 barrels came into effect since the beginning of this month.
He said ministry spokesman Assem Jihad told all of Iraq [where], "there are good signs of the obligation of States agreement to freeze oil production, according to the OPEC agreement, and reflected positively on oil prices," adding that "the producing countries from inside and outside OPEC reaffirmed its commitment to the roof of the reduction was passed end of last year and the positive signals reflected on the world oil markets. "
"It is a rare occasion in which so happens agreement and is committed to its members after decades and reflects what sensed by the producing countries of the importance of solidarity and commitment on crystallizing a unified stance toward lower oil prices, and everyone felt this responsibility was this agreement and believe it is a step in the right direction."
He pointed jihad to "positive signals after the adoption of this resolution, where oil prices are good levels rose and hope to rise more to achieve producing countries plans to withdraw the excess oil from the market and create some kind of balance between supply and demand and to make producers optimistic on that side."
He noted, "We hear now that he can be the success of this plan during the first six months of this year and nothing calls to extend the agreement for an additional period because the goal of it began to happen and there is optimism in this direction."
Iraq's position and if McCann wants to extend the freeze agreement, spokesman for the Oil Ministry said, "Why do we extend the agreement if it achieved its aim? Why be extended for another six months?" He pointed out that "everyone confirms that this decision of my time goal to contain the problem of oversupply in the global oil market and the positive indicators suggest not to extend this agreement to support oil prices, and therefore producing states achieved that goal and the stability of the oil market."
The energy ministers of OPEC member states and beyond met in Vienna on Sunday and voiced optimism about a cut in oil production agreement at a time when the committee charged with following up bound by the Agreement held its first meeting.
He said Kuwaiti Oil Minister Essam Marzouk, who heads the committee, consisting of five members, they will examine the best way to comply with the acceptable level of commitment.
Among Marzouq The OPEC meeting yesterday with independent producers ended with an agreement to fully abide by reducing production monitoring mechanism.
And reduced Iraq under the agreement produced 160,000 barrels per day, down to the prescribed percentage of it, amounting to 210,000 barrels later this month.
The oil minister, Ali Jabar Luaibi, in more than one occasion, Iraq's commitment to the agreement, "but we aspire to a price of $ 65 a barrel."
He said the Saudi Energy Minister Khalid al-Falih Almadio Friday that 1.5 million barrels of oil had been withdrawn from the market in January and that out of the 1.8 million barrels the producers agreed to remove them from the market.
Brent prices ranged weeks ago at 54. 55 dollars a barrel.
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