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Iraq begins to reduce oil production to the rates set in the OPEC agreement

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Iraq begins to reduce oil production to the rates set in the OPEC agreement Empty Iraq begins to reduce oil production to the rates set in the OPEC agreement

Post by rocky on Fri 06 Dec 2019, 6:26 am

[size=36]Iraq begins to reduce oil production to the rates set in the OPEC agreement[/size]

Economy | 12:28 - 06/12/2019

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BAGHDAD -
Deputy Prime Minister for Energy and Oil Minister Thamir Abbas Ghadhban oil formations of the ministry to reduce production rates to levels set within the agreement of the Organization of Petroleum Exporting Countries and allies with non-OPEC.
He also directed the oil minister, according to a ministry statement received (Mawazine News), a copy of "full commitment to the agreement to reduce production scheduled in December 2018 last year, under which Iraq is determined to produce 4 million and 513 thousand barrels per day, including production in the Kurdistan region."
"This action comes as a commitment and concern from Iraq to stabilize the world oil market and address the oil surplus in it, and work to restore the balance between supply and demand," the oil minister said during his attendance at the 177th ministerial meeting of the Organization of Petroleum Exporting Countries in Vienna.
Ghadhban added that "the ministers of oil exporting countries in the Organization of Petroleum Exporting Countries (OPEC) and its allies hope to reach a new agreement on Friday to achieve better stability of the global oil market and reduce the anxiety of producers and consumers alike because of the circumstances and challenges facing the oil market."
For his part, Oil Ministry spokesman Assem Jihad said that "the ministers of oil-exporting countries and their allies have held a series of lengthy marathon meetings over the past two days in order to reach a new agreement to reduce production, and that Iraq plays a pivotal role to bring the views of the members."
Jihad added that "the ministerial committee for production control has held its meeting on Thursday and reviewed and review reports and research on the situation of the oil market and the most important and most prominent challenges facing the global market and ratios of members commitment to the agreement to reduce production, and then followed the convening of the ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) session (177), while held on Friday the ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies from oil-producing countries outside of them, including Russia. "


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Iraq begins to reduce oil production to the rates set in the OPEC agreement Empty Urgent Iraq begins to reduce oil production to the rates set in the OPEC agreement

Post by rocky on Fri 06 Dec 2019, 6:31 am

Urgent Iraq begins to reduce oil production to the rates set in the OPEC agreement

[/rtl]
[rtl]Date: 2019/12/16 12:12 • 126 times read[/rtl]
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Deputy Prime Minister for Energy and Oil Minister Thamir Abbas Ghadhban oil formations of the ministry to reduce production rates to levels set within the agreement of the Organization of Petroleum Exporting Countries (OPEC) and its allies outside the organization.
He also directed the Minister of Oil, according to a statement received by the ministry (Euphrates News) a copy of it "full commitment to the agreement to reduce production scheduled in December 2018 last year, according to which determined Iraq's production ({4 million and 513 thousand barrels per day), including production in the Kurdistan region" .
"This action comes as a commitment and concern from Iraq to stabilize the world oil market and address the oil surplus in it, and work to restore the balance between supply and demand," the oil minister said during his attendance at the 177th ministerial meeting of the Organization of Petroleum Exporting Countries in Vienna.
Ghadhban added that "the ministers of oil exporting countries in the Organization of Petroleum Exporting Countries (OPEC) and its allies hope to reach a new agreement on Friday to achieve better stability of the global oil market and reduce the anxiety of producers and consumers alike because of the circumstances and challenges facing the oil market."
For his part, Oil Ministry spokesman Assem Jihad said that "the ministers of oil-exporting countries and their allies have held a series of lengthy marathon meetings over the past two days in order to reach a new agreement to reduce production, and that Iraq plays a pivotal role to bring the views of the members."
Jihad added that "the ministerial committee for production control has held its meeting on Thursday and reviewed and review reports and research on the situation of the oil market and the most important and most prominent challenges facing the global market and ratios of members commitment to the agreement to reduce production, and then followed the convening of the ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) session The ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies from outside the oil-producing countries, including Russia, was held on Friday.


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Iraq begins to reduce oil production to the rates set in the OPEC agreement Empty Re: Iraq begins to reduce oil production to the rates set in the OPEC agreement

Post by rocky on Fri 06 Dec 2019, 6:40 am

Oil directs its formations to reduce production to the rates set in line with the OPEC agreement

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Economy News _ Baghdad
Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban, on Friday, the oil formations of the ministry to reduce production rates to levels set within the agreement of the Organization of Petroleum Exporting Countries "OPEC".
Ghadhban said during his attendance of the 177th ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) in the Austrian capital Vienna that "we directed to reduce production rates to the levels specified in the agreement to reduce production set in December 2018 last year, which limits the production of Iraq (4 million and 513 Thousand barrels per day), including production in the Kurdistan region, "noting that" this action comes a commitment and anxiety from Iraq to stabilize the global oil market and address the oil surplus therein, and work to restore the balance between supply and demand. "
Ghadhban added that "the ministers of oil-exporting countries in the Organization of Petroleum Exporting Countries (OPEC) and its allies hope to reach a new agreement on Friday to achieve better stability of the global oil market and reduce the anxiety of producers and consumers alike because of the circumstances and challenges facing the oil market."
For his part, Oil Ministry spokesman Asim Jihad said that "oil ministers of oil exporting countries and their allies have held a series of lengthy marathon meetings over the past two days in order to reach a new agreement to reduce production," adding that "Iraq plays a pivotal role to bring the views of members ".
Jihad added that "the ministerial committee for production control held its meeting on Thursday and reviewed and reviewed reports and research on the situation of the oil market and the most important and most prominent challenges facing the global market and the rates of commitment of members to the agreement to reduce production."
The ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) was followed by the 177th session, while the ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies from non-oil producing countries including Russia was held on Friday.

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Iraq begins to reduce oil production to the rates set in the OPEC agreement Empty Iraq announces the reduction of oil production, including extracted from Kurdistan

Post by rocky on Fri 06 Dec 2019, 6:42 am

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Iraq announces the reduction of oil production, including extracted from Kurdistan




2019/12/06 03:18:28

Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban directed the oil formations of the ministry to reduce production rates to levels set within the agreement of the Organization of Petroleum Exporting Countries "OPEC" and its allies outside the organization, and full commitment to the agreement of production cuts.
In December 2018, Iraq's production was set at 4,513,000 barrels per day, including production in the Kurdistan region.
The oil minister said during his presence at the 177th ministerial meeting of the Organization of Petroleum Exporting Countries "OPEC" in the Austrian capital of Vienna that this action comes a commitment and concern of Iraq to stabilize the global oil market and address the oil surplus there, and work to restore the balance between supply and demand.
Ghadhban said OPEC ministers and allies hoped Friday to reach a new agreement that would stabilize the global oil market and reduce the anxiety of producers and consumers alike because of the conditions and challenges facing the oil market.
For his part, a spokesman for the Oil Ministry said that the ministers of oil-exporting countries and their allies have held a series of lengthy marathon meetings over the past two days in order to reach a new agreement to reduce production, and that Iraq plays a pivotal role to bring the views of members.
Jihad added that the ministerial committee for production control held its meeting on Thursday and reviewed and review reports and research on the situation of the oil market and the most important and most prominent challenges facing the world market and the rates of commitment of members to the agreement to reduce production, and then followed the convening of the ministerial meeting of the Organization of Petroleum Exporting Countries "OPEC" session ( The ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies from outside the oil-producing countries, including Russia, will be held on Friday.


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