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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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    Iraq raises its production according to OPEC quotas to 0.7% for the month of July

    Rocky
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    Iraq raises its production according to OPEC quotas to 0.7% for the month of July Empty Iraq raises its production according to OPEC quotas to 0.7% for the month of July

    Post by Rocky Wed Aug 11, 2021 7:51 am

    Iraq raises its production according to OPEC quotas to 0.7% for the month of July

    •  Time: 08/11/2021 10:11:44
       
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    {Economic: Al Furat News} Iraq raised its commitment to OPEC + quotas to 0.7%, according to the latest survey by Standard & Poor's Global Platts.
    The company said in a report, that Iraq's oil production, including flows from the Kurdistan Region, increased to 0.6% on a monthly basis in July.
    And she added, "Iraq, the second largest producer in OPEC, produced 3.886 million barrels per day on average in July, compared to 3.862 million barrels per day in June, with an increase of 0.6%."
    Iraq's share of OPEC + rose to 4.016 million barrels per day in July from 3.954 million barrels per day in June, as OPEC + continued to raise the production ceiling.
    She added that "the total Iraqi exports for the month of July increased by 0.7% to 3.344 million barrels per day, while the Kurdish flows decreased by 0.4% to 425,800 barrels per day."
    And she indicated that "domestic use, which includes burning crude oil and operating refineries, decreased by 17.5% to 501 thousand barrels per day."
    Iraq is one of the five countries that negotiated a higher baseline for its quota, which will rise from 4.653 million barrels per day until April 2022 to 4.803 million barrels per day as of May 2022.
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