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Oil announces a rise in revenues from one billion to 6 billion dollars per month
- Time: 05/04/2021 20:27:23
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{Economic: Al Furat News} The Iraqi Ministry of Oil announced today, Tuesday, that its oil revenues have increased from one billion to 6 billion dollars per month, while it renewed its commitment to the decisions of the "OPEC" organization.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
"Iraq is keen to abide by the OPEC + agreement to reduce production and work to restore balance to the oil market, which has been subjected to a major jolt due to the repercussions of the spread of the Corona virus, which led to a recession in the global economy," the ministry’s spokesman, Assem Jihad, said in a press statement.
He added, "Iraq aims to increase the financial value of its exported oil, and adhere to the quotas set by OPEC +, until the reasons leading to this are cleared, which require a collective decision and commitment from the producers in OPEC and OPEC +, and this is what led to its success in absorbing a large part of the surplus." Oil in global markets. "
Jihad pointed out, "This commitment led to an increase in the price of a barrel of oil from less than 10 dollars a month ago, to more than 65 dollars at the present time, and Iraq's revenues increased from one billion dollars to 5-6 billion dollars a month."
Raghad Daham
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{Economic: Al Furat News} The Iraqi Ministry of Oil announced today, Tuesday, that its oil revenues have increased from one billion to 6 billion dollars per month, while it renewed its commitment to the decisions of the "OPEC" organization.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
"Iraq is keen to abide by the OPEC + agreement to reduce production and work to restore balance to the oil market, which has been subjected to a major jolt due to the repercussions of the spread of the Corona virus, which led to a recession in the global economy," the ministry’s spokesman, Assem Jihad, said in a press statement.
He added, "Iraq aims to increase the financial value of its exported oil, and adhere to the quotas set by OPEC +, until the reasons leading to this are cleared, which require a collective decision and commitment from the producers in OPEC and OPEC +, and this is what led to its success in absorbing a large part of the surplus." Oil in global markets. "
Jihad pointed out, "This commitment led to an increase in the price of a barrel of oil from less than 10 dollars a month ago, to more than 65 dollars at the present time, and Iraq's revenues increased from one billion dollars to 5-6 billion dollars a month."
Raghad Daham
[You must be registered and logged in to see this link.]
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