Home
[size=36]To reduce the budget deficit...The Ministry of Oil clarifies[/size]
political| 06:07 - 03/09/2021
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Baghdad - Mawazine News The
Ministry of Oil revealed, on Friday, a mechanism for dividing the gradual increase in production that was agreed upon in "OPEC +", while confirming that this increase will contribute to reducing the deficit in the country's financial budget.
A spokesman for the Ministry of Oil, Assem Jihad, told the official news agency, "One of the most important priorities of the OPEC + member states is to maintain the stability of oil markets and control the required balance between supply and demand for crude oil, and work to address the oil surplus here and there."
Jihad added, "The gradual increase in production, which is estimated at (400) thousand barrels per day, which was agreed upon by the producing countries in "OPEC +" as of next October, will be divided according to the planned program to the member states in certain proportions and according to their oil production." .
He stressed, "It is a step towards careful handling of the requirements of the oil market in light of the challenges that confuse the movement and stability of the oil market, the most prominent of which are the new restrictions imposed by countries on their citizens after the spread of the new strain of the Corona virus, which affected the volume and quantities of consumption and decreased demand." .
He pointed out that "Iraq worked with the member states of "OPEC +" to adopt a realistic and studied deal with the needs of the oil market and absorb the oil surplus that surfaced after the repercussions of the spread of Covid 19, and here the importance of collective work on the stability of the oil market emerged," stressing that " This has a positive impact on oil prices."
He noted that "the stability of prices at $70, despite the great challenges and the economic stagnation of many countries' economies, is a good indicator for the OPEC + member countries."
And he indicated, "The stability of financial revenues for Iraq between 65 and 70 dollars during the past months is a good realistic indicator in light of the challenges facing the economies of countries and the (fragile) reality of the oil market," noting that "Iraq aspires to achieve higher revenues through commitment to the increases." The gradual process that was agreed upon in "OPEC +", which contributes to reducing the proportion of the budget deficit."
And the Ministry of Oil announced, on Sunday (18/July 2021), that the OPEC + group agreed to gradually increase by adding 400,000 barrels per day. Ended 29/R77
Ministry of Oil revealed, on Friday, a mechanism for dividing the gradual increase in production that was agreed upon in "OPEC +", while confirming that this increase will contribute to reducing the deficit in the country's financial budget.
A spokesman for the Ministry of Oil, Assem Jihad, told the official news agency, "One of the most important priorities of the OPEC + member states is to maintain the stability of oil markets and control the required balance between supply and demand for crude oil, and work to address the oil surplus here and there."
Jihad added, "The gradual increase in production, which is estimated at (400) thousand barrels per day, which was agreed upon by the producing countries in "OPEC +" as of next October, will be divided according to the planned program to the member states in certain proportions and according to their oil production." .
He stressed, "It is a step towards careful handling of the requirements of the oil market in light of the challenges that confuse the movement and stability of the oil market, the most prominent of which are the new restrictions imposed by countries on their citizens after the spread of the new strain of the Corona virus, which affected the volume and quantities of consumption and decreased demand." .
He pointed out that "Iraq worked with the member states of "OPEC +" to adopt a realistic and studied deal with the needs of the oil market and absorb the oil surplus that surfaced after the repercussions of the spread of Covid 19, and here the importance of collective work on the stability of the oil market emerged," stressing that " This has a positive impact on oil prices."
He noted that "the stability of prices at $70, despite the great challenges and the economic stagnation of many countries' economies, is a good indicator for the OPEC + member countries."
And he indicated, "The stability of financial revenues for Iraq between 65 and 70 dollars during the past months is a good realistic indicator in light of the challenges facing the economies of countries and the (fragile) reality of the oil market," noting that "Iraq aspires to achieve higher revenues through commitment to the increases." The gradual process that was agreed upon in "OPEC +", which contributes to reducing the proportion of the budget deficit."
And the Ministry of Oil announced, on Sunday (18/July 2021), that the OPEC + group agreed to gradually increase by adding 400,000 barrels per day. Ended 29/R77
[You must be registered and logged in to see this link.]
» The Former Oil Committee: Weak Government Planning Increased The Suffering Of Iraqis During The Wint
» Al-Kazemi attends the second term deal.. Kirkuk in front of Al-Ain for Kurdish support for the Prime
» WHAT ARE THE CRITERIA FOR REFERRING PROJECTS TO PRIVATE SECTOR COMPANIES?.. PLANNING CLARIFIES
» Tomorrow.. the start of the work of the Iraq Clean Energy Forum in its first session
» Al-Kazemi: We mainly adopt dialogue in dealing with regional issues
» Al-Kazemi returns to the fore as a "strong" candidate to head the next government
» Saleh and Al-Kazemi stress the importance of protecting the security and stability of citizens
» The Minister of Defense sends a message to the Iraqi people and the armed forces about the great att
» At the Peace Palace.. the President of the Republic discusses with the Lebanese Minister of Justice
» Adel Abdul-Mahdi hints at the involvement of a third party in the attack on the army in Al-Azeem
» Equally between the framework and the current.. the rule of law reveals the number of ministries of
» The Minister of Trade announces the launch of a new meal from the food basket for the displaced
» Washington: We are committed to helping Gulf partners improve their defense capabilities
» Tomorrow...the launch of the Iraq Clean Energy Forum
» Funded From The Emergency Budget..A Deputy Calls For Launching A National Relief Campaign For The Di
» American Newspaper: The Army Is Powerless In The Face Of Drone Technologies And Their Tactical Use
» THE US EMBASSY IS SELLING ITS PROPERTIES BY AUCTION ONLINE
» Dollar exchange rates in local markets
» The differences of the Shiite house complicate the political scene.. Will the majority government pr
» The Lebanese Minister of Justice to Alsumaria: We are discussing the exchange of judicial experience
» Where is the role of the Minister of Defense?... Criticisms from observers after the "great catastro
» Global gold and foreign exchange rates
» Dollar exchange rates maintain their stability in local markets
» In pictures.. Minister of Justice of an Arab state arrives in Baghdad
» After the Diyala attack, Al-Kazemi directs a reassessment of the leaders of the military services an
» Iraq loses 7,600 megawatts of electric power production
» Elections Between Honesty And Fraud
» Al-Shabki: Kurdistan Is Exploiting The File Of The Displaced For Political Purposes
» Al-Rikabi: The Rule Of Law Is A Mainstay Of The Coordination Framework
» Mahmoud Othman: The Two Kurdish Parties Will Not Agree On A Candidate For The Presidency
» “They Are Enjoying Iraq’s Wealth.” A Lawmaker Calls For The Execution Of Terrorists In Prisons
» Al-Maliki Tweets About The Position Of The Coordination Framework On Forming The Government
» Nassif: The Available Data Confirm That The Federal Court Is Going To Cancel The First Session
» Parliament: Al-Kazemi's Government Failed To Address Crises And Its Solutions Were Patchy
» State Of Law: Cancellation Of The Parliament Session Will Show New Alliances And Change The Politica
» Dhi Qar Governor: 2022 Projects Will Be Strategic
» Siemens Is Close To Constructing A Power Station In Dhi Qar
» Work Calculation Of Military Service For Insured Workers For Retirement Purposes
» Deputy: The Aqaba Tube Will Expose Al-Kazemi To Legal Accountability
» Laying The Foundation Stone For The Central Processing Plant In Al-Fayha Field
» A Minister Opens Fire On The Investment Authority: A Big Lie And Trading
» Former Deputy: The Mansouriya Gas Field Investment Will Provide 5,000 Job Opportunities
» Lack Of Coordination And A Fight Over Money Between The Secretariat And The Traffic!
» Traces of the oldest human-engineered hybrid animals found in Mesopotamia
» Within a year, Iraq will complete about 600 wells to address water scarcity
» Masrour Barzani condemns the attack on the Iraqi army and agrees with Al-Kazemi to intensify coordin
» Despite the end of combat missions, America continues to fund the Peshmerga and the Counter-Terroris
» Security expert: targeting party headquarters messages to internal and external parties.. this is it
» An Iraqi politician, addressing the Coordinator: You are between two decisive options, and the devil
» The Minister of Foreign Affairs: The return of 4,000 immigrants voluntarily
» Coordinator: No agreement on the next prime minister
» The danger of pollution continues {Shatt Al Hilla}
» Al-Kazemi returns to the fore as a "strong" candidate to head the next government
» Al-Kazemi returns to the fore as a "strong" candidate to head the next government
» Al-Maliki: The coordination framework is unanimous on adhering to one position regarding “participat
» Alaa Al-Rikabi: We will not participate in the government, and the dollar is our top priority
» Turkmen identify 7 demands from the next government
» Washington on the Azim offensive: We stand with our Iraqi partners
» Two files at the meeting table between Plasschaert and Barzani
» Iraq receives 5 new artifacts from America
» Today, a decisive meeting on the file of the Presidency of the Republic
» A deputy accuses the President of the Republic of refraining from signing death sentences against te
» Al-Azm Alliance: The political blockage will delay the formation of the government
» Al-Maliki: The coordination framework is coherent and its position is unified on whether to particip
» Construction: 80% completion of a residential complex project in Diyala
» In 2021... Iraq will maintain its position as the "largest" oil exporter to India
» Al-Rafidain: We have recovered large sums of money from the delayers
» A slight decrease in the exchange rates of the dollar in the local markets
» Customs: 5 trucks seized for violating import terms and controls
» Laying the foundation stone for the crude oil processing plant in the 9th exploration block in Basra
» The Framework: The Next Prime Minister Will Be Far From The Names Presented
» The International Monetary Fund sends a warning message to countries whose debts are in dollars
» Nouri al-Maliki, commenting on the 'Azim' incident: Act before it is too late!
» Qais Khazali calls for a 'review' of the Iraqi position on Yemen!
» Al-Kazemi and the British Ambassador discuss a series of issues of common interest
» French Embassy: Paris will continue to stand by Iraq in the war against terrorism
» It will not pass without changing the exchange rate of the dollar.. a political bloc
» The budget is explosive.. An optimistic expectation for the Iraqis after the rise in oil prices
» Al-Halbousi on the Great Incident: Breaking down ISIS dens and arming the people of the regions will
» The security breaches coincided with the government formation talks.. the rule of law reveals a secr
» The crowd about the great crime: We put our full potential to pursue terrorists
» Construction: 80% completion of a residential complex project in Diyala
» Some "Thursday News" Posted by Samson at KTFA 1-20-2022
» Oil prices are falling
» Dollar exchange rates in local markets
» The Kurdistan Democratic Party reveals intensive meetings to resolve the file of the President of th
» In the video, a space for negotiation after the Federal Court's decision on appeals
» Water Resources issues administrative orders assigning contracts to permanent owners
» Al-Zayadi: The Coordination Framework Has Its Options To Achieve The Largest Mass
» The Minister of Foreign Affairs from Brussels: Confirms the voluntary return of 4000 Iraqi immigrant
» A massacre in Iraq.. 11 soldiers were killed in an ISIS attack
» The Previous Parliament’s Parliamentary Finances Suggest That The Current Year’s Budget Legislation
» Al-Zayadi: The Coordination Framework Has Its Options To Achieve The Largest Mass
» Frameworks: The Political Map Will Change After The “Federal” Decision In Favor Of Those Calling For
» Al-Bawi: Replacing “Saleh” With Another Candidate Will Increase The Chances Of The Union In The Pres
» A Deputy Reveals Corruption In The Purchase Of IDP Tents And Food Baskets
» The Framework: The Next Prime Minister Will Be Far From The Names Presented
» Demands To Open An Investigation Into A Video Showing Materials Purchased By Iraq With Millions Of