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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

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Adviser to the Prime Minister: OPEC quotas are temporary and the latest agreement is positive for Ir

rocky
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Adviser to the Prime Minister: OPEC quotas are temporary and the latest agreement is positive for Ir Empty Adviser to the Prime Minister: OPEC quotas are temporary and the latest agreement is positive for Ir

Post by rocky Wed 21 Jul 2021, 6:47 am

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: 663 times

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{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
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