Established in 2006 as a Community of Reality

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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.

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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


5 posters

    Iraq launches projects to develop oil infrastructure

    chouchou
    chouchou
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    Iraq launches projects to develop oil infrastructure  Empty Iraq launches projects to develop oil infrastructure

    Post by chouchou Thu 12 Apr 2018, 4:21 am

    The Iraqi Oil Ministry yesterday announced the opening of two projects that will enhance its oil export capacity in the southern province of Basra, the Anadolu Agency reported.

    The ministry said in a statement that Oil Minister, Jabbar Al-Luaibi, inaugurated a new pipeline with a capacity of 1.5 million barrels per day which will carry crude oil from Faw oil warehouses to export ports in Ras Al-Bisha 2 in the province of Basra.

    Al-Luaibi also inaugurated a water injection project which extends from the main water pumping station in Karmat Ali to the northern Rumaila field in the governorate.

    Earlier this month, the Iraqi government approved a plan to increase crude oil production to 6.5 million barrels per day.

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    Proven
    Proven
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    Join date : 2012-12-21

    Iraq launches projects to develop oil infrastructure  Empty Re: Iraq launches projects to develop oil infrastructure

    Post by Proven Thu 12 Apr 2018, 9:27 am

    Thanks Chouchou.


    Brent at $71 per barrel. Budget set at $46. Increasing production to 6.5 million BPD. Not a budget deficit issue any more!  How can they hide the wealth from their people? 


    The ability to immediately turn on 1.5 million BPD of more oil:

    He added that "the pipeline [42] node, which extends the length of (11600) meters will transfer the rate of exports estimated at one million and 500 thousand barrels per day of Iraqi crude oil, and will contribute to the smooth flow of crude oil from warehouses to export ports,"


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    Last edited by Proven on Thu 12 Apr 2018, 9:33 am; edited 2 times in total
    ron-man
    ron-man
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    Iraq launches projects to develop oil infrastructure  Empty Re: Iraq launches projects to develop oil infrastructure

    Post by ron-man Thu 12 Apr 2018, 9:31 am

    Nice, thanks for posts.
    Lobo
    Lobo
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    Iraq launches projects to develop oil infrastructure  Empty Re: Iraq launches projects to develop oil infrastructure

    Post by Lobo Thu 12 Apr 2018, 11:49 am

    Hopefully, it will be soon.  A day or so ago, it was posted that "again" Iraq was in full control of the Syrian border.  If that is so, and tariffs are in place - "25%" on milk and sweets - good grief!  The budget is done, what else needs to be done?  Are they still waiting on the Kurds for something?  Praying it is done before the next election in May and Ramadan - they are losing valuable time, if they want the donors from the Kuwait conference to still participate.


    Last edited by Lobo on Thu 12 Apr 2018, 11:51 am; edited 1 time in total (Reason for editing : correct spelling)
    mochasmom
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    Iraq launches projects to develop oil infrastructure  Empty Re: Iraq launches projects to develop oil infrastructure

    Post by mochasmom Thu 12 Apr 2018, 1:33 pm

    Auctions, but could happen simutamiously  with rv...
    Lobo
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    Iraq launches projects to develop oil infrastructure  Empty Re: Iraq launches projects to develop oil infrastructure

    Post by Lobo Thu 12 Apr 2018, 1:46 pm

    I think when the RV happens, the auctions will stop and lower denominations will be available in the ATMs.  They will wake up to a new currency value.  But I think the Iraqis will be notified at the very last moment the night before when all businesses are closed along with the banks being closed.  But not sure how they would handle the timing for the international banking, and forex trading - certainly the Central Banks of the world will know in advance - it is timing.  Praying it is ASAP.  Soooo ready like everyone else.

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