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وزير Oil Minister: Iraq committed to respecting OPEC quota
Iraqi Oil Minister Jabbar al-Luaibi said on Sunday that his country is committed to respecting its reduced share of oil production as agreed with the Organization of the Petroleum Exporting Countries and other exporters.
OPEC ministers meeting in Vienna on Monday said they could wait until next January before deciding to extend production restrictions aimed at subsidizing prices beyond the first quarter of 2018.
OPEC members and other producers, including Russia, 1.8 million barrels per day since the beginning of 2017, which helped raise oil prices by 15 percent in the last three months.
OPEC and its allies are considering extending the agreement beyond its current deadline at the end of March 2018.
"We are with Opec's unity and consensus," al-Allaibi told a press conference in Baghdad.
The minister said talks were continuing with Royal Dutch Shell in the field of Majnoon oil field, which the company is interested in withdrawing from.
He added Allaibi: "Shell announced withdrawal from the field of Majnoon, but so far there are negotiations, and things are not clear .. We did not conduct any negotiations with other companies."
A letter signed by al-Allaibi on August 23 gave approval for Shell's withdrawal from Majnoon, a major oil field near Basra, which began production in 2014.
Last year, sources in the sector said Shell was considering selling its stake in Iraq's oil fields a global program to exit from assets worth $ 30 billion
gateway to Iraq financial Services denies accusations of its right to confirm compliance with the laws
denied the gateway to Iraq financial services company, on Sunday, what she described as "accusations and lies" about questioning its integrity, confirming compliance with Iraqi laws.
"The allegations and lies circulated by some social media about questioning the integrity and authenticity of its procedures are just lies," the company said in a statement. "It is a 100% Iraqi company owned by an Iraqi businessman. In its operations to comply with the Iraqi laws first and to build the highest international standards and consult the leading international companies accredited and specialized in this area.
She added that "
The company added that it has completed the construction of the infrastructure of the company's systems and the data processor center under the contract with the Swedish company Eriscon, which has built similar centers in most of the developed countries in this area where the data center was built, the first of its kind in Iraq, And a link linked with the national division inside Iraq, which secures the confidentiality and guarantee of information processed under the supervision of the competent authorities, "asserting that" having the license after the completion of all requirements under the laws of the government and the instructions and regulations adopted by Iraq and the Central Bank.
The company stressed that "the lies that have been published have been detected source and the company is taking legal action against them."
التجارة Trade: more than 19 million dinars sales of the construction branch in Muthanna for one day
The General Company for Construction Materials Trade confirmed that its branch in Al Muthanna province has achieved financial sales exceeding 19 million dinars during one day of this month. The general manager of the company Zuhair Ahmed Salman said in a statement that the branch achieved a copy on September 17th, Sales amounted to 19,920,000 million dinars,
adding that the sales centers in the branches of the company in Baghdad and the provinces have seen a turnout of citizens to buy the materials that deal with the company because they are construction materials of global originality, characterized by quality and conformity with the specifications of the standardization and quality control, in addition to competitive prices compared to The local market and in line with the plans of reconstruction and construction witnessed by the provinces,
indicating that the company's branch in Diyala province has seen a large demand for the purchase of the Ukrainian steel rebar (1).
On the other hand confirmed the continuation of the processing of mills with grain mixers and rice supply agents, announcing that the General Company for grain trade in the Ministry of Commerce in the provinces of the country continues to equip the mills with grain mix and receipt of rice material received through the port of Umm Qasr and processing agents for distribution within the ration card items.
The Director General of the company Engineer Haitham Al-Khashali said in a statement: that Saylo Nasiriyah in the province of Dhi Qar continued to work the processing of the mills and the state-owned Sumer grain with the seventh share of grain mixes in addition to the receipt of the truck for the truck from the port of Umm Qasr loaded with US rice was unloaded and processed to the supply agents As well as the maintenance of Silo Rifai in the province processing mills by (25%) of the share of the month of July.
Adding that the company's branch in Kirkuk has processed the mills of the province with its quotas of flour mixture and amounted to a total of more than (1541) tons, in addition to the continuation of the stores of fracture and thirst in Baghdad, the processing of ration card agents with new quotas of rice received for the ration card and a total of Was equipped for the 21 of this month more than (970) tons, as well as the processing of the branch of Salah al-Din Mills with the planned batch of wheat within the amount allocated 25% for the month of July.
Noting that the committee supervising the transfer of wheat stored in Jafr in the area of Rahmaniyah in the province of Nineveh continued the process of moving to the site of Silo Bazoya through the transport fleet of the General Grain Trade Company.
Iraqi Oil Minister Jabbar al-Luaibi said on Sunday that his country is committed to respecting its reduced share of oil production as agreed with the Organization of the Petroleum Exporting Countries and other exporters.
OPEC ministers meeting in Vienna on Monday said they could wait until next January before deciding to extend production restrictions aimed at subsidizing prices beyond the first quarter of 2018.
OPEC members and other producers, including Russia, 1.8 million barrels per day since the beginning of 2017, which helped raise oil prices by 15 percent in the last three months.
OPEC and its allies are considering extending the agreement beyond its current deadline at the end of March 2018.
"We are with Opec's unity and consensus," al-Allaibi told a press conference in Baghdad.
The minister said talks were continuing with Royal Dutch Shell in the field of Majnoon oil field, which the company is interested in withdrawing from.
He added Allaibi: "Shell announced withdrawal from the field of Majnoon, but so far there are negotiations, and things are not clear .. We did not conduct any negotiations with other companies."
A letter signed by al-Allaibi on August 23 gave approval for Shell's withdrawal from Majnoon, a major oil field near Basra, which began production in 2014.
Last year, sources in the sector said Shell was considering selling its stake in Iraq's oil fields a global program to exit from assets worth $ 30 billion
gateway to Iraq financial Services denies accusations of its right to confirm compliance with the laws
denied the gateway to Iraq financial services company, on Sunday, what she described as "accusations and lies" about questioning its integrity, confirming compliance with Iraqi laws.
"The allegations and lies circulated by some social media about questioning the integrity and authenticity of its procedures are just lies," the company said in a statement. "It is a 100% Iraqi company owned by an Iraqi businessman. In its operations to comply with the Iraqi laws first and to build the highest international standards and consult the leading international companies accredited and specialized in this area.
She added that "
The company added that it has completed the construction of the infrastructure of the company's systems and the data processor center under the contract with the Swedish company Eriscon, which has built similar centers in most of the developed countries in this area where the data center was built, the first of its kind in Iraq, And a link linked with the national division inside Iraq, which secures the confidentiality and guarantee of information processed under the supervision of the competent authorities, "asserting that" having the license after the completion of all requirements under the laws of the government and the instructions and regulations adopted by Iraq and the Central Bank.
The company stressed that "the lies that have been published have been detected source and the company is taking legal action against them."
التجارة Trade: more than 19 million dinars sales of the construction branch in Muthanna for one day
The General Company for Construction Materials Trade confirmed that its branch in Al Muthanna province has achieved financial sales exceeding 19 million dinars during one day of this month. The general manager of the company Zuhair Ahmed Salman said in a statement that the branch achieved a copy on September 17th, Sales amounted to 19,920,000 million dinars,
adding that the sales centers in the branches of the company in Baghdad and the provinces have seen a turnout of citizens to buy the materials that deal with the company because they are construction materials of global originality, characterized by quality and conformity with the specifications of the standardization and quality control, in addition to competitive prices compared to The local market and in line with the plans of reconstruction and construction witnessed by the provinces,
indicating that the company's branch in Diyala province has seen a large demand for the purchase of the Ukrainian steel rebar (1).
On the other hand confirmed the continuation of the processing of mills with grain mixers and rice supply agents, announcing that the General Company for grain trade in the Ministry of Commerce in the provinces of the country continues to equip the mills with grain mix and receipt of rice material received through the port of Umm Qasr and processing agents for distribution within the ration card items.
The Director General of the company Engineer Haitham Al-Khashali said in a statement: that Saylo Nasiriyah in the province of Dhi Qar continued to work the processing of the mills and the state-owned Sumer grain with the seventh share of grain mixes in addition to the receipt of the truck for the truck from the port of Umm Qasr loaded with US rice was unloaded and processed to the supply agents As well as the maintenance of Silo Rifai in the province processing mills by (25%) of the share of the month of July.
Adding that the company's branch in Kirkuk has processed the mills of the province with its quotas of flour mixture and amounted to a total of more than (1541) tons, in addition to the continuation of the stores of fracture and thirst in Baghdad, the processing of ration card agents with new quotas of rice received for the ration card and a total of Was equipped for the 21 of this month more than (970) tons, as well as the processing of the branch of Salah al-Din Mills with the planned batch of wheat within the amount allocated 25% for the month of July.
Noting that the committee supervising the transfer of wheat stored in Jafr in the area of Rahmaniyah in the province of Nineveh continued the process of moving to the site of Silo Bazoya through the transport fleet of the General Grain Trade Company.
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