Home
[size=30]Brazil rejects offer to join OPEC[/size]
09/11/2017 12:46 | Number of readings: 20
font size: 
Trend Press / Agencies
Brazil, the producer and oil exporter, on Thursday rejected an offer by Saudi Arabia to join the OPEC deal to cut oil production to boost oil prices in the market.
"He received a phone call last week from a consultant to Saudi Energy Minister Khalid al-Faleh to get his opinion on possible production cuts," said Marcio Felix, a senior official at the Brazilian Ministry of Oil and Gas.
"They are concerned about the growth of production in Brazil, and we have already explained to them that Brazil can not do that," Felix said, explaining Saudis' interest in Brazilian cuts.
Under the law, Brazil, which produces 2.65 million barrels a day, can not curb production, and is planned to double its oil production to more than 5 million barrels a day by 2027.
» MM&C utube 5/25/24 Iraq Dinar-IQD Enhanced Value to Currency- Gold-Reserves-2024 Budget-HoR Vote-WT
» utube 5/27/24 MM&C Iraq Dinar - IQD - USD - Exchange Rate Change Inevitable - CBI Launch National
» Mr. Al-Hakim: The importance of implementing the agreements with Türkiye according to specific work
» Head of Al-Karkh Appeal: Recovering hundreds of billions of corruption money, most of which was for
» Sudanese advisor: Oil prices are still higher than their budget estimates and we are trying to keep
» {Al-Furat News} publishes the international monetary report on Iraq and praises its financial reform
» Anbar Alliance: Al-Halbousi’s party still controls the governorate’s capabilities
» Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate
» Representatives’ objections embarrass the government. Will the budget be passed or re-included?
» 5 Kurdish parties call for the UNAMI mission to remain in Iraq
» Iraq is ranked eighth in the Arab world in the crime index for the year 2024
» The Iraqi currency auction records a 90% increase in foreign remittances
» The Iraqi Central Bank sells more than $275 million during today's auction
» The “ambiguity” of the budget worries Parliament’s finances and there are assurances that amendments
» Iraq is turning to digital banks.. What does it offer to the banking sector?
» International praise for the efforts of the Iraqi Central Bank: controlling inflation and strengthen
» A government advisor reveals a plan to reduce the budget deficit
» The Housing Fund denies its connection to any office or association that promotes borrowing transact
» The President of the Republic assures the Chinese Ambassador of his keenness to strengthen bilateral
» Iraq and Russia sign a memorandum of cooperation in the judicial field
» The International Monetary Fund praises the Iraqi government's monetary policy measures
» Unpleasant" news regarding salaries and appointments in Iraq
» The region deposits more than 85 billion in the account of the Federal Ministry of Finance
» Parliamentary Legal: There are notes on the budget tables
» Petroleum products: Citizens are increasingly interested in purchasing a vehicle gas system
» The President of the Republic receives the Chinese ambassador to Iraq
» Carrying a picture of Zaha Hadid.. The Central Bank clarifies the truth about issuing the “100” thou
» A foreigner accused of forging entry visas for foreign workers was arrested in Baghdad
» Parliamentary Committee: Ambiguity in the budget schedules and a need for government clarification
» A bloated public sector and a depleted budget... the consequences of arbitrary employment policies
» The ambiguity of the Ministry of Planning swallows Iraq's trillions
» Financial advisor: The financial tables conform to the principles of the tripartite budget
» Parliamentary Economy: The Ministry of Industry failed miserably to revive the "national industry"
» Labor calls on journalists to register with the Social Security Law: It guarantees your rights
» Representative: The House of Representatives works to provide justice to the central and southern go
» Political movement: Extending the state of emergency is an imposition of American guardianship
» America shackles the government of Iraq... and imposes guardianship over the goods of its people
» Al-Nasr: Removing foreign forces is the responsibility of the government, not Parliament
» Legal movement: The security agreement ended in 2011 and the American presence is illegal
» Al-Lami: The Sunnis were the ones who disrupted the election session for the Speaker of Parliament,
» Deputy: The central and southern governorates were wronged in the budget
» Basra Council holds an extraordinary session to discuss the governorate’s budget
» A representative reveals a mechanism for collecting state property data
» Barzani: The ground is suitable for Qatari investment in Iraq
» Advisor to the Prime Minister: The schedules are in accordance with the 2024 Budget Law
» During the third session of the Supreme Authority for Coordination between the Governorates, the Pri
» Electricity reassures citizens: the energy system will not be subjected to a sudden shutdown
» Despite the observations recorded on its schedules... a parliamentary affirmation of the necessity o
» Iraq is close to opening the first factory to produce naval and military boats
» Planning and the World Bank discuss supporting the “development path”
» Great preparations for the opening of the tourist city of Ur
» Representatives confirm their keenness to approve the 2024 budget schedules
» The Prime Minister discusses with Guterres the post-UNAMI phase
» Labor calls on journalists to register with the Social Security Law
» A factory for the production of military naval boats
» Governor of Babylon: We are determined to complete the lagging projects
» 46% of the national electricity goes to the {irregular} connection.
» Zaha Hadid's currency raises concerns about inflation and prompts the Central Bank to urgently do so
» Warning of the return of "sleeper cell" activity in Iraq...the recent violations are a dangerous ind
» Grants provided to more than 13,000 officers in the Iraqi army.. Document
» The People with Disabilities Law was 40 days late, and the Holidays Law was sent for approval after
» The long debate has been resolved.. Kurdistan has delivered oil and port revenues to Baghdad and is
» A Kurdish politician reveals the secret of the close relations between the region and the Gulf state
» In a provincial coordination meeting... wholesale directives for service, financial and administrati
» The Minister of Oil sets two time frames to invest gas and stop burning it completely
» Launching the national strategy for bank lending in Iraq
» Al-Allaq: The Central Bank’s housing lending initiatives have reached about 11 trillion dinars
» Heritage buildings in Baghdad struggle with extermination
» Basra Council on budget allocations: shocking and unjust
» Targeting three American restaurants in Baghdad within 24 hours: 3 explanatory possibilities
» Anger in Parliament because the election session was not scheduled
» For this reason... Iran stops exports to the Kurdistan region
» Al-Sudani issues government directives and stresses the importance of working as one team
» The dinar is recovering.. The dollar continues to fall in the currency market
» A government committee takes (important) decisions to accelerate the pace of returning the displaced
» In preparation for Press Day... an expanded meeting at the Iraqi Journalists Syndicate
» Parliament sends a draft law on official holidays to the Presidency of the Republic
» Report: Discussions between Sunni leaders have stopped and the election of the Speaker of Parliament
» Opening more than 100 outlets to supply vehicles with gas throughout Iraq
» In the document: a government order establishing the Wasit Oil Company
» utube MM&C 5/24/24 Iraq Dinar - IQD Update -Al-Sudani - Resolutions & Approvals -Digital Payments -
» ͏MM&C 5/24/24 Iraq - Formal Resumption of Iraq's Accession to the WTO
» MM&C 5/24/24 Iraqi Fintech ZainCash goes live with Temenos core banking and payments to scale digita
» MM&C 5/25/24 Iraq is waiting for “digital banks”... What are they? What is its benefit?
» Government advisor: Government measures to maximize revenues and reduce budget deficits
» The Minister of Planning discusses with a World Bank delegation support for the stages of the Develo
» The Minister of Planning discusses with a delegation from the World Bank the development of electric
» Iraq and the World Bank announce multi-stage support for the "development path"
» Liquidating the legacy of a bankrupt stock exchange worth $2.6 billion
» Al-Sudani chairs the third session of the Supreme Committee for Coordination between the governorate
» Expert: The national lending strategy will contribute to reducing unemployment rates
» Because of the budget...the government embarrasses the representatives of the central and southern g
» The Central Bank denies issuing a 100,000 dinar currency
» The Central Bank of Iraq increases its sales volume through the dollar auction
» Al-Rafidain directs to receive requests to extinguish advances and loans owed by the martyrs and the
» Al-Alawi: Presidency of Parliament deserves progress and no concessions
» The Minister of Planning discusses with a delegation from the World Bank multi-stage support for the
» Al Rasheed Bank: Launching a new round of “Riyada Initiative” loans