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[size=36]Oil: understandings with companies operating the fields, and we have not received any quantity from Kurdistan[/size]
Economie| 12:23 - 14/03/2021
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Baghdad - Mawazine News The
Ministry of Oil revealed, on Sunday, understandings with companies operating the oil fields to compensate them with production quantities after reducing production, and while it confirmed that it did not receive the quantities of crude exported from the Kurdistan region, it ruled out dispensing with oil in the generation of electric power in the future.
The Undersecretary of the Ministry Hamid Yunus Al-Zobaei said, according to the official agency, that "after the drop in oil prices, the export quantities were determined by OPEC and turned into quotas," pointing out that "Iraq is the second largest oil producer in OPEC after Saudi Arabia and has a major position in terms of influencing Decision and determination of policies that are based on an economic base that is beneficial to the country.
He added, "Iraq played in the past year a big role with OPEC in controlling global oil prices and creating balances between producers and consumers, whether with OPEC or OPEC Plus, and the effect was evident through the rise in oil prices that exceeded $ 65 a barrel."
And he continued, "This role is important and is calculated for Iraq through its position in OPEC, as well as for the purpose of providing financial resources that it desperately needs," noting that "there are understandings with the companies operating the oil fields to go in the future by compensating them with productive quantities and not going to the issue of fines."
On the region’s oil, Al-Zobaie said, "The center has not yet received any quantity of oil exported by the Kurdistan region," stressing that "there are understandings that are taking place between the center and the region in the hope of reaching a bilateral agreement that serves the interest of the country in general."
On clean energy, Al-Zobaie said, "Reducing the world’s use of oil and moving towards producing clean energies through solar cells and wind, does not mean that oil will be dispensed with in the future." Production in every country. "
He continued, "For example, Iraq has a large solar energy. This energy may not be available in other countries, as well as wind is not found in Iraq and is found in other countries, which means that clean energy will not replace oil in the future, although it is important from The economic aspect in generating electric power. "
He noted that "oil has flexibility in terms of uses, transportation and other matters, as it remains until now the first energy in the matter of uses in the countries of the world." Ended 29 / A 43
Ministry of Oil revealed, on Sunday, understandings with companies operating the oil fields to compensate them with production quantities after reducing production, and while it confirmed that it did not receive the quantities of crude exported from the Kurdistan region, it ruled out dispensing with oil in the generation of electric power in the future.
The Undersecretary of the Ministry Hamid Yunus Al-Zobaei said, according to the official agency, that "after the drop in oil prices, the export quantities were determined by OPEC and turned into quotas," pointing out that "Iraq is the second largest oil producer in OPEC after Saudi Arabia and has a major position in terms of influencing Decision and determination of policies that are based on an economic base that is beneficial to the country.
He added, "Iraq played in the past year a big role with OPEC in controlling global oil prices and creating balances between producers and consumers, whether with OPEC or OPEC Plus, and the effect was evident through the rise in oil prices that exceeded $ 65 a barrel."
And he continued, "This role is important and is calculated for Iraq through its position in OPEC, as well as for the purpose of providing financial resources that it desperately needs," noting that "there are understandings with the companies operating the oil fields to go in the future by compensating them with productive quantities and not going to the issue of fines."
On the region’s oil, Al-Zobaie said, "The center has not yet received any quantity of oil exported by the Kurdistan region," stressing that "there are understandings that are taking place between the center and the region in the hope of reaching a bilateral agreement that serves the interest of the country in general."
On clean energy, Al-Zobaie said, "Reducing the world’s use of oil and moving towards producing clean energies through solar cells and wind, does not mean that oil will be dispensed with in the future." Production in every country. "
He continued, "For example, Iraq has a large solar energy. This energy may not be available in other countries, as well as wind is not found in Iraq and is found in other countries, which means that clean energy will not replace oil in the future, although it is important from The economic aspect in generating electric power. "
He noted that "oil has flexibility in terms of uses, transportation and other matters, as it remains until now the first energy in the matter of uses in the countries of the world." Ended 29 / A 43
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