Home
Adviser to the Prime Minister: OPEC quotas are temporary and the latest agreement is positive for Iraq
- Time: 07/20/2021 08:59:56
- Reading: 546 times
[You must be registered and logged in to see this image.]
{Economy: Al Furat News} Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, revealed that the current OPEC quotas are temporary, and the last agreement had a positive impact on Iraq.
Saleh told {Euphrates News} that "the oil quotas in force in OPEC now are temporary, and the allocation is made according to the needs of the market," noting that "due to the Corona pandemic, an oil glut occurred in the global market, which led to the deterioration of prices as oil was sold at an average price. 60% below the average selling price in 2019 and 2020.
Al-Kazemi's advisor confirmed, "Despite the restriction of exports, there is a development in prices and quantity on the part of Iraq, and this development has positively affected Iraq."
And the member states of the "OPEC Plus" agreed last Sunday to further ease production cuts, starting next August, and to increase Iraq's production by 150 thousand barrels per day.
Hazem
[You must be registered and logged in to see this link.]
{Economy: Al Furat News} Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, revealed that the current OPEC quotas are temporary, and the last agreement had a positive impact on Iraq.
Saleh told {Euphrates News} that "the oil quotas in force in OPEC now are temporary, and the allocation is made according to the needs of the market," noting that "due to the Corona pandemic, an oil glut occurred in the global market, which led to the deterioration of prices as oil was sold at an average price. 60% below the average selling price in 2019 and 2020.
Al-Kazemi's advisor confirmed, "Despite the restriction of exports, there is a development in prices and quantity on the part of Iraq, and this development has positively affected Iraq."
And the member states of the "OPEC Plus" agreed last Sunday to further ease production cuts, starting next August, and to increase Iraq's production by 150 thousand barrels per day.
Hazem
[You must be registered and logged in to see this link.]
» Central Bank: Importance of cooperation and money transfer to facilitate trade with Azerbaijan
» Iraqi Businesswomen Council: A safe environment to support women’s entrepreneurship and develop skil
» Economist: The value of the dinar will decrease and the financial deficit will increase
» American website: Iraq's budget suffers from a deficit of $49.3 billion
» Good news for journalists and writers.. The "financial grant" will be launched on this date
» Iraq is the third Arab country in gold reserves
» Wanted by Iraqi judiciary.. An "Iraqi-American" diplomatic crisis with Trump's victory in the US pre
» Central Bank of Iraq sells more than $280 million in auction today
» Trump's victory... will it be a lifeline from the "judicial guillotine"?
» After winning the presidential race, Trump talks about a “strong mandate”
» Al-Sudani chairs meeting with IATA delegation
» Central Bank Governor stresses need for cooperation to facilitate trade with Azerbaijan
» utube 11/6/24 Donald Trump's full victory speech
» Deep State Confronted by Trump.. Will Elon Musk Lead America, the World and “Mars”?
» Alsumaria Noon Bulletin Files: Trump's Victory and Objections to the General Amnesty Law
» Parliamentary bloc explains reasons for demanding extension of legislative term
» Al-Sudani discusses with an international delegation lifting the ban on Iraqi Airways
» Axios: Washington warned Baghdad that Israel may attack Iraq if it does not prevent the Iranian atta
» Trump declares victory in US elections: I will not start wars, but I will end them
» Parliamentary Foreign Affairs: Trump is wanted by the Iraqi judiciary, but the country's interest co
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Bitcoin Hits All-Time High in Early Trading
» Iraq tops the list of countries importing Arab products related to construction activity
» 2025 Strong national economy and sound banks
» Government stresses the need to secure petroleum derivatives for energy production
» Anbar: The second phase of the electricity connection with Jordan has reached its end
» Iraq's gold holdings rise to more than 152.5 tons
» Al-Alaq stresses to Azerbaijani ambassador the importance of cooperation in transferring money to fa
» 7 decisions on the general population census
» The world awaits the new US president
» Sudanese demands stopping the Zionist aggression
» Wasit: Distribution of seeds among farmers with a support rate of 70 percent
» Trade: Central markets {hypermarkets} to officially open in 2025
» Civil Service Council: Controls for appointing land donors
» Baghdad Municipality: Measures to avoid damage from oil spills in the Tigris
» The Board of Trustees discusses a number of topics related to developing the work of the media netwo
» Sovereign guarantees boost labor market
» Mazhar Saleh: No impact of oil price drop on operating budget
» Iraq's share in the IMF
» Trump's "Historic" Victory: World Leaders Congratulate Him
» Amid US Elections, China Hopes for Peaceful Coexistence with US
» Judge Zeidan discusses with the Special Representative of the Secretary-General of the United Nation
» The President of the Republic congratulates Trump on winning the presidential elections in the Unite
» Following Trump's victory, EU leaders call for emergency meeting
» Nineveh Education: We completed 52 schools under the Chinese loan
» With Arab and foreign participation...the launch of the sessions of the Ninth International Scientif
» Al-Sudani chairs a meeting to follow up on fuel procedures for energy production
» Bitcoin Touches $75K for First Time as Investors Bet on Trump Win
» Trump's Trading Gains Momentum... Markets and Stocks Rise Strongly
» Parliament responds to the framework’s call and sets the extension period for its legislative term
» After the decision to compensate the region for the costs of oil production and transportation.. an
» For the first time in 4 years, Republicans win the majority in the Senate
» Challenges of Trump's Arrival to the White House and Its Impact on Iraq
» Zidane discusses with Al-Hassan the judicial procedures for achieving security and social stability
» US Stocks, Bitcoin Gain as Trump Surges in Election Race
» Dollar price drops against dinar in Iraq
» Workers in Iraq: Continued "marginalization" and calls to "ratify" the retirement and social securit
» “Pharmaceutical Cities”: A Step Towards Self-Sufficiency or a New Challenge for Local Industry?
» In a phone call with the US Secretary of State... Al-Sudani warns of the dangers of the continuation
» It has not happened in 132 years.. Trump is on the verge of a historic achievement
» Iraqi Drilling: Drilling and rehabilitating 15 oil wells in October to boost production
» Iraq Facing Challenges: Hopes of Establishing a Waste Recycling Plant in the East... Will It Succeed
» Interior: Unprecedented decline in crime rates across Iraq
» ILO: Enacting the Social Security Law in Iraq is a Historic Step Towards Protecting Workers
» Iraqi Tourism Companies Association participates in World Travel Market
» Al-Sudani stresses to Blinken the need to double efforts to stop the war
» The Iraqi Council of Ministers approves a set of service, economic and urban decisions
» Trump's Win Prospects Lift Stocks, Markets Strongly... Dollar at 5-Year High
» A look at the latest results.. Republicans swallow the House of Representatives, the Senate and the
» A look at the latest results.. Republicans swallow the House of Representatives, the Senate and the
» Fox News: Trump is the 47th president of America with 277 votes
» Morning list of dollar exchange rates in Iraqi stock exchanges
» Al-Araji and Al-Sabah at one table in Kuwait.. Discussing several files and issues
» Highlights of Trump's speech after winning the US presidential election
» Iraq and Saudi Arabia's trade achieves tangible convergence and investment cooperation
» Ports Authority notes the fate of the five berths in the Grand Faw Port
» MP: Why is the regional government fighting the civil banks war and leaving the core of the issue?
» Political researcher: The amendment will include sovereign ministries
» Retirement: End of service bonus paid to more than 7,000 retirees
» Al-Mashhadani stresses the importance of the role of the Audit Bureau in combating administrative an
» Al-Mashhadani and Al-Hakim discuss parliament’s approval of important laws
» Parliamentary consensus to pass controversial laws soon
» Currency Auction.. Increase in the Central Bank of Iraq’s sales of foreign remittances
» Interior Ministry dismantles 600 drug networks, electronic passport to be introduced soon - Press co
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
» Foreign Minister warns of major and dangerous economic repercussions
» Roadmap for Reform
» Government reshuffle looms over Al-Sudani’s cabinet.. The compass of change is heading towards 4 min
» Parliamentary move to legalize foreign labor in Basra
» Parliament intends to amend the retirement law and return the service age to 63 years
» Parliamentary move to question a senior official and complete procedures against the Minister of Com
» Legal expert explains the mechanism for forming the Kurdistan Regional Government
» Silk Road imposes a state of maximum alert suddenly
» Sheikh Raouf: There is an urgent need to find a constructive, corrective opposition in Kurdistan
» Green light from Baghdad to build the first waste recycling plant in eastern Iraq
» MP: Al-Mashhadani discussed 3 important files with parliamentary blocs
» MP: Al-Mashhadani's election will not affect the completion of legislation
» Parliamentary Oil: Investment in associated gas in fields exceeds 60%