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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


    Oil Minister from Abu Dhabi: Production capacity of Iraq approaching 5 million barrels per day

    Rocky
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    Oil Minister from Abu Dhabi: Production capacity of Iraq approaching 5 million barrels per day Empty Oil Minister from Abu Dhabi: Production capacity of Iraq approaching 5 million barrels per day

    Post by Rocky Sun 14 Jan 2018, 3:19 am

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    Oil Minister from Abu Dhabi: Production capacity of Iraq approaching 5 million barrels per day


    Oil Minister Jabbar al-Allaibi said on Sunday that Iraq's production capacity is close to five million barrels per day (bpd), but the country will fully comply with the target production rate under a global agreement to cut oil supplies.
    "Oil production from Iraq currently stands at about 4.3 million bpd," Al-Luaibi told reporters at an energy conference in Abu Dhabi. "An agreement to reduce oil production between OPEC and other producing countries should continue despite a strong rise in oil prices, Pointing out that oil markets still need more time to stabilize.
    On the other hand, al-Allaibi said that "his ministry intends to conclude three contracts with international gas companies by the middle of this year to benefit from gas in the south of the country, noting that" Iraq plans to eliminate the burning of gas associated with the extraction of oil without exploitation by 2021. "
    Iraq is forced to burn some of the rising gas during the process of extraction of crude oil because it does not have suitable facilities to enter into a process that allows use.





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