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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq will consider oil production after OPEC takes a decision

    Rocky
    Rocky
    Rocky
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    Join date : 2012-12-21
    • Post n°1

    Iraq will consider oil production after OPEC takes a decision Empty Iraq will consider oil production after OPEC takes a decision

    Post by Rocky Tue 12 Jun 2018, 3:03 am

    [ltr]Iraq will consider oil production after OPEC takes a decision[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-06-11 at 22:18 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Baghdad Mawazine News[/ltr]
    [ltr]Iraqi Oil Minister Jabbar al-Luaibi said on Monday that his country would consider whether or not to increase oil production if OPEC decides to boost supply at a meeting on June 22.[/ltr]
    [ltr]Al-Luaibi said that his country's production of oil at the present time within the limits agreed with OPEC at about 4.325 million barrels per day.[/ltr]
    [ltr]Al-A'ibi said that "the producers from within and outside the OPEC have not yet reached the goals planned after the historic decision to reduce production," and said that his country believes that "oil prices are still below the level of ambition, and they need more support and stability, To fair and realistic prices. "[/ltr]
    [ltr]"We must not exaggerate the need for the oil market to pump more oil at the present time, which could cause great damage to global markets, and may also be interpreted in the wrong way by speculators and consumers, leading to a significant decline in oil prices, and this is not Acceptable to us. "[/ltr]
    [ltr]In early 2017, OPEC and a group of non-member countries, led by Russia, began implementing an agreement to reduce crude output by 1.8 million barrels per day to eliminate excess supply, with the agreement ending in December 2018.[/ltr]
    [ltr]OPEC countries such as Saudi Arabia have expressed their readiness to supply the oil market with their crude oil needs, if supply is shortened by the US sanctions against Iran.[/ltr]
    [ltr]Under the deal, Iraq cut production by 210,000 barrels per day to 4.35 million bpd, Oil Ministry officials say Baghdad has fully complied with the agreement.[/ltr]
    [ltr]is over[/ltr]
    [ltr]M[/ltr]


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