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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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Allaibi: optimistic about the actions of «OPEC» to cut production

rocky
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Allaibi: optimistic about the actions of «OPEC» to cut production Empty Allaibi: optimistic about the actions of «OPEC» to cut production

Post by rocky Tue 20 Jun 2017, 2:01 am

Allaibi: optimistic about the actions of «OPEC» to cut production

 

6/20/2017 0:00

BAGHDAD / Mohammed Ismail
expressed Oil Minister Abdul - Jabbar Allaibi, expressed optimism for the success of OPEC efforts to control oil prices in the global market policy, stressing at the same time to continue the decision to cut production depends on the commission of price control that will determine its position during the "OPEC" to be held conference next July.
Allaibi said in a statement singled out the "morning": "We are optimistic about the policy of OPEC, especially in regard to Eduard control of oil prices in the global market, and we have a desire in coordination with them in this area according to a common vision, but to reconsider the decision to reduce production due to the Committee on price control pop - up for the organization, which is to be determined in a planned conference next July. "
The minister added , "mentioned the Commission is estimated to need to discuss this file in the upcoming conference, which also determines to take such such decisions , " noting that "this whole thing depends on the evolution of events on the ground .. wait and the fate of the situation, and then we will see what can be done."
He Allaibi "The summary of the problem of high oil prices in the global market, or fall, depends on several factors, including the subject of oil reserves, and there are high in that inventory of about 3 million barrels per day, as well as the US shale oil, and if production did not decline will certainly affect in prices, but if OPEC continues at this level, of Moazb work on reducing production; meanwhile , it will drop stock prices go up. "
He denied the oil minister and the existence of any state to receive oil from Iraq in accordance with the principle of differentiation, saying: "There are no countries have this feature .. The Jordan stopped working agreement .. not currently differential."
Asked about the first two funds to guarantee the right of future generations of oil, and another for the protection of the general budget of the fluctuation of prices? He replied: "These Shaanan are for the House of Representatives and the Ministers of Finance and the Ministry, and not the Ministry of Oil, which is part of the government, subject to its" Msttrda: "The contracts for the licensing rounds, wherein gaps, we are trying to backfilling work day and night; in order to reduce our negative impact."
Allaibi promised rumor repeated by the street on primitive export routes and distribution as the allegations are inaccurate, adding , "our pursuit of the two methods Alhadittin globally the approved, refute those allegations, and are two ways Emails .. minutes by about 99 percent, which is based Aldhirah counters , " he said, adding that " the ministry is keen to keep up with scientific and practical developments in this area, and we hope to develop as well as in oil and our industries leave Bdaiatha compared to the level of
production. "

http://www.alsabaah.iq/ArticleShow.aspx?ID=139506

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