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Expectations of higher Iraqi crude production in 2017
9/8/2016 0:00
[rtl]Falah al - Amiri: Install the quota would be a good decision
BAGHDAD follow - morning
aimed most countries producing and exporting crude, both, to achieve stability in the oil market and to reach a fair price that satisfies all parties when get agreement on theinstallation of the production rates of the supply and demand balance.
He predicted official prominently in crude oil production growth sector and exports from Iraq steadily during the year 2017 compared with current levels.
He said Falah al - Amiri head of the Iraqi oil Marketing company (SOMO) that Iraq, amember country of the Organization of the Petroleum exporting countries (OPEC), supports a global initiative to install production crude whether will contribute to the stability of the market.
he told Reuters yesterday from Singapore , there will be a steady growth in production and exports in the next year , adding that he had not seen the size of this growth.
the volume of Iraq 's oil production is 4.632 million barrels per day in July , its highest level since the month of January.
He Ameri absence of any problem in Iraqi crude exports, pointing out that there is agreat demand for Khami Basrah light and heavy.
mentions that the wife of Basra crude heavy amounting to 23.55 degrees on the scale of the American Petroleum Institute and that the sulfur content of which 4.2 Palmih.ufema Russian President Vladimir Putin backed compile crude oil production at a certain ceilings He specializes in economic affairs the importance of this situation and its impact on the oil market , especially as Russia is a major player on the world oil scene, and that this support ensures the stability of prices in the global markets at acceptable levels for producers
and consumers.
Putin promised an agreement between the oil - exporting countries to freeze oil production and support prices would be a "good decision" and called for "compromise" by less than a month after an informal meeting of OPEC in Algeria.
he said in a newspaper interview published on the Kremlin 's website: " I will I repeat our position, we considered that it would be a good decision for the energy sector in theworld. "
the specialist in economic affairs Hassan al - Saadoun, he pointed out that the positions of producer , Russia 's size has an impact Maeshr on the reality of prices, especially that there is a convergence of interests between Russia and Saudi Arabia , which is one of the big producers.
He said the Russian move would come with positive results to the reality of oil prices, as crude is one of the important resources of the Russian economy and the low price makes it in front of financial problems that may adversely affect their development plans, noting that Russia 's intervention could be described necessarily at a time when oil prices are confused and unclear.[/rtl]
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