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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


    Iraq raises production of oil derivatives

    Rocky
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    • Post n°1

    Iraq raises production of oil derivatives Empty Iraq raises production of oil derivatives

    Post by Rocky Tue 03 Jul 2018, 4:47 pm

    [rtl]

    Iraq raises production of oil derivatives

    [/rtl]
    [rtl]Date of release: 2018/7/3 22:34 • 110 times read[/rtl]
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    [rtl]
    (Baghdad: Al-Furat News) Oil Minister, Jabbar Ali al-Allaibi, revealed close to the entry of 70 thousand barrels of oil derivatives a day for national production by the end of this year.
    A statement of the ministry received the agency {Euphrates News} a copy of the Minister of Oil confirmed "the ministry's keenness to expedite the rehabilitation of Al-Sumoud refinery (Baiji previously) to form an important supporter and support for the liquidation sector." 
    "We have given guidance to the North Refinery Company to start the rehabilitation of the Salah al-Din 1 unit with a capacity of 70,000 barrels per day," Al-Luaibi said, adding that he directed the company's management to set a short-term timetable for implementing the rehabilitation project. 
    He added that the unit of Salah al-Din / 2 card 70 thousand barrels will enter into production before the end of this year after the completion of national rehabilitation efforts to form a new addition to the liquidation sector, and the provision of good amounts of kerosene, white oil, liquid gas and naphtha and oil, A large part of the local need. "

    The ministry spokesman Assem Jihad said that "the development of the Commission comes within the concerns of the ministry in the development of fields and oil installations in Salahaddin province, which is one of the most promising provinces in the sectors of extraction and liquidation of the fields and oil installations important task and the ministry has developed plans for reconstruction and rehabilitation and increase production, .is over


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    • Post n°2

    Iraq raises production of oil derivatives Empty Al-Allaibi to «morning»: our goal to reduce 50 percent of the import of oil derivatives

    Post by Rocky Wed 04 Jul 2018, 10:51 am

    Al-Allaibi to «morning»: our goal to reduce 50 percent of the import of oil derivatives

       


    04/7/2018 12:00 am 

    [rtl]Jihad: Iraq is able to increase production to 5 million barrels in one year

    Baghdad / Farah Al-Khafaf 

    The Ministry of Oil seeks to reduce the import of oil derivatives up to 50 percent after rehabilitating a number of refineries destroyed by the gangs and supporting the terrorist in the northern regions and blocked a large part of the local need. 
    This comes at a time when the oil minister Jabbar al-Allaibi in an exclusive statement to the "morning" to maintain the current border oil production for a period of three months, to inquire about developments at the international level as long as the market is relatively stable and tangible and the presence of improvement in oil prices. Extensive discussions Al- Luaibi pointed out that OPEC's recent decisions were formulated after a four-day discussion that included extensive and intensive discussions between ministers and accompanying delegations. There were several alternatives to increase production or maintain the current situation. He added that Iraq has a clear position crystallized after an extensive study by the Ministry of Oil by maintaining the current production ceiling, having played a pivotal role to bring the different views of the different parties in OPEC, and reached a satisfactory result for all. 





    The Organization of the Petroleum Exporting Countries (OPEC) agreed at the end of last month to a limited increase in oil production as of July, and the agreement is to pump more supplies on the idea of ​​returning to full compliance with the existing agreement, which includes cuts in 
     production. 
    As for the expectations of the Minister of Oil for prices in the coming period, he said: "The prices depend on the geopolitical variables, as well as changes in the global market and what is stored by the rest of the countries in the coming plans, whether the United States to increase its production of rock oil, as well as significant increases achieved by Saudi Arabia During the past 
    few days  . " Iraq's production and expressed hope that the stability of the market remains the main factor within the objectives of OPEC, indicating that the volume of Iraq's oil production as agreed with the OPEC by about 4 million and 325 thousand barrels.




    He is seeking to reduce the import of oil derivatives by 50 percent, within the plans and objectives of the ministry, where Iraq imports derivatives of two billion and 700 million to 3 billion dollars a year, according to the minister, confirming the reduction of 35 percent of imports in the fourth quarter of 2017, as well as the first half of In 2018, which witnessed a decline in imports. 
    For his part, the spokesman of the Ministry of Oil Assem Jihad in a statement to the "morning" that the rate of imports is large but was reduced to low levels, after the return of a number of Iraqi refineries to work, especially in the northern region. Production units and said Jihad that " the coming period and before the end of this year will see the opening of a large unit of production units in the refinery Salahuddin card 70 thousand barrels per day, returned them an important step to bring back life to this refinery , which was destroyed by terrorist Daesh gangs." 




    He added that the refinery will produce all the oil derivatives, which fill a large part of the local need as a first stage, followed by the rehabilitation of the second unit production capacity to reach 140 thousand barrels per day, along with the rehabilitation of modern refineries, and Qayara, Chinese, and Kirkuk, Of the local need in this context, despite the circumstances experienced by the country. 
    As for OPEC's recent decisions, Jihad said that Iraq is committed within the OPEC agreement not to exceed the production of 4 million and 400 thousand barrels per day, a commitment of time taken by the OPEC meeting between producers from within and outside the sale of cutting production by 1 million and 800 thousand barrels per day, Which aims to rebalance the oil market between supply and demand, and support oil prices.
    It participated OPEC and its allies since last year in an agreement to cut oil production 1.8 million barrels per day, helped to restore balance to the market in the eighteen last month and drove the price of oil to rise to about $ 75 a day from around $ 27 in 2016 to achieve the goals and drew a spokesman for the ministry That Iraq was committed within the specific production ceiling, and when the producers found that the objectives of the agreement were achieved, Iraq can start to increase production to the rates as planned, especially as Iraq played an important role in the recent agreements, as part of the global system that Controls prices For the oil market




     Global. Jihad said that Iraq is capable of increasing its production to 6 million barrels per day by 2022 and 2023 within the plans and objectives of the ministry, as well as the possibility of Iraq's production exceeds 5 million barrels per day in a short period not exceeding one year. The Ministry of Oil said in a statement on the rate of exports and revenues achieved for the month of June, according to preliminary statistics from the Iraqi Oil Marketing Company (Sumo), where the amount of exports of crude oil more than (105) million and (640) thousand and (160) With a revenue of more than (7) billion and (323) million and (150) thousand dollars, a daily average of exports amounted to (3) million and (521) thousand barrels, at (69.322) dollars per barrel. [/rtl]




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    • Post n°3

    Iraq raises production of oil derivatives Empty Achieving revenues exceeding two billion dinars from the transport of passengers and oil derivatives

    Post by Rocky Wed 04 Jul 2018, 10:54 am

    Achieving revenues exceeding two billion dinars from the transport of passengers and oil derivatives

       


    04/7/2018 12:00 am 

    [rtl]In the first five months of this year 
    Baghdad / Batul al-Hassani 
    , the Iraqi Railway Company achieved revenues of more than two billion dinars during the first five months of this year, through the transfer of passengers and oil derivatives. 
    The company's director, Salam Jabor Saloum, told Al-Sabah: "Revenues for the company during the first five months of this year exceeded two billion dinars, during which time 122 thousand and 785 passengers were transported on trains. 
    He added that this result came through the services provided by the company to travelers, stressing that this achievement is the result of continuous follow-up and diligent work by the Transport and Employment Division as well as the Basra region and the main southern regions, noting that the company is keen on the accuracy of the dates of starting trains.
    Salloum pointed out that the flights depart from Baghdad daily by two flights, the first at 7 pm and the second at 8 pm, and trains depart from the Basra station by two flights also, the first at 8 pm and the ninth at evening, explaining that there is increasing demand for travel through trains by Citizens for their convenience, speed, safety and punctuality. 
    He pointed out that about 1,000 passengers were transported between Baghdad and Basra on the company's trains and high passenger cars, noting that the railway effort is also continuing in the transport of cargo and cargo through the transfer of the 94 subway train to transport the oil derivatives from the course to Umm Qasr in the province of Basra, which contains 20 basins and quantity 1000 cubic meters.
    Salloum pointed out the completion of the work of the destroyed Qantara wall, which is completely destroyed between the Karma and Sheikh Dhari stations after cleaning the site from the rubble and extending the concrete pipes. 
    He added that the company completed the process of preparing and transporting black oil from the refineries of the cycle to the Iraqi ports at the platforms of unloading on berth No. 9 for delivery of vessels and exported outside Iraq by the owners of Basra area, noting that the efforts of workers resulted in the transfer of (1596) Specialized Reservoirs (FZB) and revenues totaling KD 1 billion and 750 million.
    He added that work is continuing to fulfill the contract between the railways and the paradise company Paradise on the transfer of 2000 cubic meters per day of oil derivatives, explaining that the transport in the rail secure the arrival of materials at their specified time and maintain, as well as maximize financial resources and make them winning companies.[/rtl]


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    Iraq raises production of oil derivatives Empty Re: Iraq raises production of oil derivatives

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