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Twice the price of oil indicators since the beginning of this year
8/2/2017 0:00
[rtl]BAGHDAD / Follow - up joy pumice
while continuing some oil - producing countries from members and non - members ofthe Organization "OPEC" its efforts to maintain the reduced oil production agreement, through the initiation Baltkulais - out, Iran is trying a member of the organization is toattract foreign investors into the energy sector, after it announced discovered oil field and natural gas a big contain 15 billion barrels of oil and 1.8 trillion cubic meters
of gas.
The center of this picture, crude oil prices were stable yesterday after landing by the US supplies and speculation, and rising tensions between the United States and Iran.
And reached Brent crude oil futures to $ 55.96 a barrel, up by 24 cents from last close, were traded West Texas Intermediate crude futures , up 20 cents to $ 56.21
a barrel.
The increase comes after Van fell by 1.5 to 2 percent, and Van about the level of $ 5 out up or down since the beginning of the year, suggesting a weak price indicators.
The company "National Iranian Oil" and announced the discovery of oil and gas field naturally large, besides the official data suggest that the Islamic Republic has geological reserves of crude oil are estimated at 175 billion barrels.
He stressed Kaddoura Executive Director , "National Iranian Oil" for the company to Iran 's production, a member of the organization "OPEC", of high - quality oil will reach before the month of April around 4 million barrels per day, which is a great achievement for Iran, and by the fact that the country 's production fell to a level 2 million barrels per day, due to international sanctions that were imposed because of Tehran 's nuclear program, which filed in early 2016.
the issue of Iran is considering the construction of plants for oil refining in Brazil and Spain for the supply of petroleum products export markets.
In a related development , Iraq announced the arrest of loading operations for a period of 24 hours, the Iraqi President export terminal off the coast of southern city of Basra, starting from midnight Tuesday because of the installation of a new pipeline that feeds the
facility.
A source at the South Oil Company said marine loading operations in the three berths connected to a single port of Basra will not be affected.
The estimated loading capacity harbor by about 1.8 million barrels per day, besides Iraq issued the second largest oil producer within the Organization of Petroleum Exporting Countries "OPEC" , after Saudi Arabia record amounts of crude from the southern ports amounted to 3.51 million barrels per day in December 2016. [/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=131327[/rtl]
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