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Ghadhban: OPEC + may discuss deepening production cuts tomorrow

rocky
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Ghadhban: OPEC + may discuss deepening production cuts tomorrow Empty Ghadhban: OPEC + may discuss deepening production cuts tomorrow

Post by rocky on Wed 11 Sep 2019, 4:23 am

Ghadhban: OPEC + may discuss deepening production cuts tomorrow

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Economy News - Baghdad
Iraqi Oil Minister Thamer Ghadhban said on Wednesday that OPEC and its allies will discuss whether there is a need to deepen production cuts during the meeting of the Joint Ministerial Committee on Thursday.
Ghadhban said decisions on production policy were collective and Iraq did not want to make the decision alone, adding that he would meet Saudi and Russian energy ministers later on Wednesday.
He noted that the previous OPEC meeting discussed the reduction of production by 1.6-1.8 million barrels per day, but because of objection by some members have agreed to reduce it 1.2 million barrels per day.
Ghadhban also said that the Kurdistan region of Iraq must respect its commitments on oil exports and its share in the federal budget. He added that the KRG is supposed to deliver 250,000 barrels of oil per day to the federal government, but is not yet committed to that.

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Ghadhban: OPEC + may discuss deepening production cuts tomorrow Empty Ghadhban: OPEC will discuss tomorrow to cut production further and the region must deliver its oil

Post by rocky on Wed 11 Sep 2019, 6:38 am

[rtl]

Ghadhban: OPEC will discuss tomorrow to cut production further and the region must deliver its oil

[/rtl]
[rtl]Release date:: 9/11/2018 13:46 • 100 times read[/rtl]
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[rtl]
Oil Minister Thamer Ghadhban said on Wednesday that OPEC and its allies will discuss whether there is a need to deepen production cuts during the meeting of the Joint Ministerial Committee on Thursday.
"Decisions on production policy are collective decisions and Iraq does not want to take the decision alone," Ghadhban said in a press statement from Abu Dhabi, adding that he would meet with Saudi and Russian energy ministers later on Wednesday.
He noted that the previous OPEC meeting discussed the reduction of production by 1.6-1.8 million barrels per day, but because of objection by some members have agreed to reduce it 1.2 million barrels per day.
Ghadhban also said the Kurdistan region must respect its commitments on oil exports and its share of the federal budget.
He added that the Kurdistan Regional Government is supposed to deliver 250,000 barrels of oil per day to the federal government, but is not yet committed to it.


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rocky
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Ghadhban: OPEC + may discuss deepening production cuts tomorrow Empty Ghadhban: (OPEC +) may discuss deepening production cuts next Thursday

Post by rocky on Wed 11 Sep 2019, 7:13 am



[rtl]Ghadhban: (OPEC +) may discuss deepening production cuts next Thursday[/rtl]

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[rtl]Follow / tomorrow[/rtl]



[rtl]Oil Minister Thamer Ghadhban said on Wednesday that OPEC and its allies will discuss whether there is a need to deepen production cuts during the meeting of the Joint Ministerial Committee next Thursday.[/rtl]





[rtl]Ghadhban said in a statement to "Reuters" followed by "Tomorrow Press," that "decisions on production policy are collective decisions and that Iraq does not want to take the decision alone."[/rtl]



[rtl]"He will meet with the Saudi and Russian energy ministers later on Wednesday."[/rtl]



[rtl]He noted that the previous OPEC meeting discussed the reduction of production by 1.6-1.8 million barrels per day, but because of objection by some members have agreed to reduce it 1.2 million barrels per day.[/rtl]



[rtl]Ghadhban also said the Kurdistan region must "respect its commitments on oil exports and its share in the federal budget."[/rtl]



[rtl]He added that "supposed to deliver the Kurdistan Regional Government 250 thousand barrels of oil per day to the federal government, but is not committed to it so far."[/rtl]


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Ghadhban: OPEC + may discuss deepening production cuts tomorrow Empty Re: Ghadhban: OPEC + may discuss deepening production cuts tomorrow

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