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Neno's Place Established in 2006 as a Community of Reality


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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


2 posters

    Iraq cuts its oil production and the economic crisis gets worse

    Rocky
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    Rocky
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    • Post n°1

    Iraq cuts its oil production and the economic crisis gets worse Empty Iraq cuts its oil production and the economic crisis gets worse

    Post by Rocky Wed 15 Apr 2020, 6:50 am

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    Oil production in Iraq - expressive - Internet
    Iraq cuts its oil production and the economic crisis gets worse


    •  ۱۵ April ۲۰۲۰
       

    •  52 views



    [rtl]Raised oil production cut approved by OPEC + agreement earlier this week, has been widely criticized in the [You must be registered and logged in to see this link.] , deputies and observers considered that it would worsen the country 's financial crisis.[/rtl]
    [rtl]Others criticized the [You must be registered and logged in to see this link.] Iraqi [You must be registered and logged in to see this link.] , [You must be registered and logged in to see this link.] Al- [You must be registered and logged in to see this link.] , signed the agreement because he charged [You must be registered and logged in to see this link.] with a significant reduction that is not commensurate with its current situation, as it imposes a reduction of up to a quarter of its daily production.[/rtl]
    [rtl]The Iraqi oil expert, Ali Alwandi, accused the oil minister of courtesy at the expense of "Iraqi bread."[/rtl]
    [rtl]He indicated in a statement that he should have refused to topple about a quarter of the country's oil production in order to restore oil prices to what they were due to the adventures and stubbornness of other countries such as Saudi Arabia and Russia.[/rtl]
    [rtl]And that the agreement will increase the suffering of Iraq financially, especially as there is no guarantee that oil prices will rise to an acceptable price, according to Alwadi.[/rtl]
    [rtl]Members are estimated in the Finance Committee of Parliament the Iraqi public deficit in the current more than $ 45 billion in the country 's budget, due to the collapse of oil prices and the government of Prime Minister resigned [You must be registered and logged in to see this link.] public spending to absorb the anger of [You must be registered and logged in to see this link.] without maximizing the resources of the state, in addition to spending on the implications of the spread of the virus " [You must be registered and logged in to see this link.] .[/rtl]
    [rtl]Al-Ghadban announced that “ [You must be registered and logged in to see this link.] share of production will become 1.061 million barrels per day starting from next July until the end of the year 2020, after reducing 849 thousand barrels daily.”[/rtl]
    [rtl]And the expert in the Iraqi economy, Salam Smaism, has explained that "reducing OPEC's oil production is very necessary for the oil market at the moment, as it will lead to reducing the supply and consequently high oil prices. Oil in exchange for high costs, especially after the outbreak of the Corona virus. ”[/rtl]
    [rtl]And Sumaysim indicated that «the coming days will witness an increase in oil prices, but this rise will be slight, as it will not compensate Iraq for the amount of oil production cuts set by OPEC, due to the budget deficit and the need for Iraq to have greater revenues».[/rtl]

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    Proven
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    • Post n°2

    Iraq cuts its oil production and the economic crisis gets worse Empty Re: Iraq cuts its oil production and the economic crisis gets worse

    Post by Proven Wed 15 Apr 2020, 7:11 am

    Thanks Rocky.

    And Sumaysim indicated that «the coming days will witness an increase in oil prices, but this rise will be slight, as it will not compensate Iraq for the amount of oil production cuts set by OPEC, due to the budget deficit and the need for Iraq to have greater revenues
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