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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

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    Iraq remains on the sale of Basra Light crude to Asia in April, the price of shipments

    Rocky
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    Iraq remains on the sale of Basra Light crude to Asia in April, the price of shipments Empty Iraq remains on the sale of Basra Light crude to Asia in April, the price of shipments

    Post by Rocky Tue 08 Mar 2016, 6:23 am

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    Oil installations in Basra province, lies on the road between Basra, Umm Qasr imaging (MR)
    Iraq remains on the sale of Basra Light crude to Asia in April, the price of shipments


    Author: AB 
    Editor: AB 07/03/2016 17:19 Number ofViews: 1120 



     
    Long-Presse / Baghdad
    The Iraqi Oil Marketing Company (SOMO), on Monday, for keeping Iraq on the official price for the sale of Basra Light crude to Asia in shipments next April, at a level of at least US $ B2.60 for the average price of Oman and Dubai crudes in the previous month.
    According to the Iraqi Oil Marketing Company (SOMO) said in a statement quoted by the agency (Reuters) and I followed (the long-Presse), said that "Iraq has kept the official price for the sale of Basra Light crude to Asia in shipments next April, unchanged, at a level of at least US $ 2.60 for an average price of Oman and Dubai crudes in the previous month. "
    The statement added that "Basra crude heavy pricing for Asia was in the same month by $ 6.55, below the average price of Oman and Dubai crudes," noting that "the official selling price of crude Basrah Light in April, shipments of the price to the Americas markets has been selected, or $ 0.55 a barrel below the price level on the Argus index of high sulfur crude. "
    The statement continued, that "the price of Kirkuk crude to the United States sets a premium of $ 0.90 a barrel above the index," pointing out that "the official selling price of crude Basra price of light to Europe in April increased, by $ 0.10 to reach the price of Brent minus $ 4.85 a barrel, in while the official selling price for Kirkuk crude for the same month rose to the price of Brent minus $ 4.55 a barrel. "
    The International Foundation for Credit Rating announced, in the third of this March, adjusted classification of the Iraqi economy from "stable to negative", while attributed to the decline in oil prices and poor political and security situation and tensions "ethnic and sectarian," predicted improvement in the situation in Iraq more during 2017 .
    The Oil Ministry announced, in the first of the month this March, that initial oil exports for the month of February amounted to more than 93 million barrels, and revealed achieve revenue of more than two billion and 200 million dollars, while confirming that the daily export rate of more than 3 million barrel, at $ 23 per barrel.
    The Oil Ministry, confirmed on the first of January 2016, that the total Iraqi oil exports in the past in 2015, amounting to one billion and 96 million barrels, indicating that its revenues almost fifty billion dollars.



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