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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


    The Minister of Oil told / NINA /: We will reach to export more than 3 million barrels per day early

    Rocky
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    • Post n°1

    The Minister of Oil told / NINA /: We will reach to export more than 3 million barrels per day early Empty The Minister of Oil told / NINA /: We will reach to export more than 3 million barrels per day early

    Post by Rocky Sat 13 Nov 2021, 6:07 am

    The Minister of Oil told / NINA /: We will reach to export more than 3 million barrels per day early next year, and we are committed to the agreements of the OPEC / expanded

    [You must be registered and logged in to see this link.] | [You must be registered and logged in to see this link.]Number of readings: 294
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    [rtl]Baghdad / NINA / - The Ministry of Oil disclosed its new projects to explore oil fields and the Iraqi export revenues generated during the current month of November.

    Oil Minister Ihsan Abdul-Jabbar Ismail said, in a statement to the National Iraqi News Agency / NINA /: "We have a package of giant projects in the (West Qurna 2) field, in order to reach the second billion of accumulated production, and there is an increase in crude oil production and early production has begun from the field Al-Yamamah 30 thousand barrels per day," noting that "there are other projects to catch gas under promotion, and new projects to improve the environmental reality in the areas surrounding these fields."

    On the agenda of the Organization of the Petroleum Exporting Countries in the world oil markets, he explained: “The policy of the Organization of the Petroleum Exporting Countries in general is not with lowering or raising prices, but rather working to achieve continuity in energy supplies to the world in general, indicating:” that OPEC’s goal is to prevent the collapse in oil prices and prevent the rise The sharp increase, but there is no goal to reach a specific price, but the basis is to achieve stability.

    ” He added: “OPEC is moving towards a natural increase, which is about 400,000 barrels per month, and there will be a periodic review during the first quarter of next year to consider maintaining this rate of increase.”

    Regarding the production ceiling and Iraqi export revenues, he explained that "Iraq will resume this month to reach 3 million and 200 thousand barrels per day from its southern facilities for the export of crude oil, and we are working to achieve 100% compliance with OPEC's parameters by targeting the export of 3 million and 200 thousand barrels, with the exception of the Kurdistan region. The region's specified quota is 250,000 barrels, but the natural export is 400,000 barrels."

    He explained that "Iraq is committed to the limitations of the Organization of the Petroleum Exporting Countries and to all the decisions that are agreed upon with its partners, and it is the second most important source of oil in the organization," noting that "during the first quarter of 2022, Iraq is supposed to reach 3 million and 400 thousand barrels for export, which is Our share in the market, and I think that Iraq will not exceed this share nor ask for an exception."

    On cooperation with the Russian company Lukoil in oil projects, the Minister of Oil stressed that "Lukoil is a major investor working with the National Oil Company in another giant project, the tenth exploration block project, where there will be early commercial production from this patch, which will be one of the most important elements of stability. in oil and gas supplies.

    He explained: "The accumulated production of the West Qurna 2 field, one of the largest promising oil fields in Iraq and the world, has reached one billion barrels, and it produces the best types of oils, most conforming to the international standard specifications. The field started its work about 7 years ago with a stable production rate and with specifications Very high oils, and the peak production of this field is 800,000 barrels per day, which we expect to reach in 2027."

    Abdul-Jabbar stressed, "The ministry and the National Oil Company are seeking, during the current and future stages, to maximize our capabilities in the production of crude oil and natural gas and achieve global standards, as we seek to capture and refining the entire quantities of gas," noting that "reaching one billion barrels of this field is not the goal. Rather, we aim to achieve peak production and capture and refining the quantities of gas produced.” / End 5[/rtl]
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    • Post n°2

    The Minister of Oil told / NINA /: We will reach to export more than 3 million barrels per day early Empty The Minister of Oil told NINA: We are committed to the OPEC agreements, and we will export more than

    Post by Rocky Sat 13 Nov 2021, 6:08 am

    The Minister of Oil told NINA: We are committed to the OPEC agreements, and we will export more than 3 million barrels per day early next year.

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    [rtl]Baghdad / NINA /- Oil Minister Ihsan Abdul-Jabbar Ismail announced: "Iraq will export more than 3 million barrels per day early next year."

    He said in a statement to the National Iraqi News Agency ( NINA ): "We are working to achieve 100% compliance with OPEC's parameters by exporting 3 million and 200 thousand barrels, with the exception of the Kurdistan region, where the specified quota for the region is 250 thousand barrels, but the natural export is 400 thousand barrels."

    The Minister of Oil stressed: “Iraq is committed to the limitations of OPEC and to all decisions that are agreed upon with its partners, and it is the second most important source of oil in the organization,” noting that “during the first quarter of 2022, Iraq’s export is supposed to reach 3 million and 400 thousand barrels. , which is our market share.”/ End 5[/rtl]
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