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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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    Dismantling the mystery: Iraq raised only 5% of its share by raising production during October

    Rocky
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    Dismantling the mystery: Iraq raised only 5% of its share by raising production during October Empty Dismantling the mystery: Iraq raised only 5% of its share by raising production during October

    Post by Rocky Sun 14 Nov 2021, 7:41 am


    [size=30]Dismantling the mystery: Iraq raised only 5% of its share by raising production during October

    2021-11-14
    [/size]
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    Yes Iraq: Baghdad

    In multiple data, there is a clear inconsistency and a decrease in Iraq’s oil production compared to its assumed share, according to what OPEC imposes of an increase of 44,000 barrels per day every month, the last of which was that Iraq pumped 7 thousand barrels per day last October, a decrease of 95% from the assumed increase of 44 thousand barrels per day.
    However, “Yes Iraq” boycotted the data received from OPEC, to show that this decrease came as a compensating reduction for Iraq’s failure to comply with the supposed increase in September, instead of raising 44,000 barrels per day in September, Iraq raised its production by 81,000 barrels per day.
     
    And the Organization of "OPEC" announced that Iraq recorded the lowest increase in its oil production among the nine countries that raised their oil production last October.
     
    The organization said in a report that “the production of oil by the 13 member countries of the Organization of Petroleum Exporting Countries rose by about 217,000 barrels per day during the past month, to reach 27.453 million barrels per day, supported by increased supplies from nine countries, including Iraq,” noting that “the largest increases came from Saudi Arabia, as Its oil production rose by 110 thousand barrels per day, to reach 9.750 million barrels per day, and Venezuela’s production also increased, recording an increase of 57 thousand barrels per day, bringing its production to 590 thousand barrels per day, and the UAE came third, with an increase of 38,000 barrels, to reach a production of 2.828 million barrels. Daily".
     
    As for Iraq, it recorded the lowest increase in its oil production for the month of October, by only 7,000 barrels per day, to reach 4.149 million barrels per day, compared to last September, in which production amounted to 4.142 million barrels per day.
     
    Returning to previous data from OPEC, specifically the production quota schedule for member states, the production quota for Iraq for the month of December was set at 4.237 million barrels per day, an increase of 44,000 barrels per day over the month of November, which amounted to 4.193 million barrels per day, and an increase of 88 thousand barrels per day over last October, amounting to 4.149 million barrels.
     
    Therefore, it becomes clear that the 4,149 million barrels per day that Iraq produced in October is indeed its specified quota from OPEC, although it raised its production from September by only 7,000 barrels per day, at a time when it is supposed to raise its daily production by 44,000 barrels per day, and on the This basis, means that Iraq basically raised its production in September more than its real share, which prompted it to reduce production in October from 44,000 barrels per day to only 7,000 barrels per day, i.e. a 95% reduction.
    Since Iraq’s share in October was 4.149 million barrels per day, an increase of 44,000 barrels per day from September, Iraq’s production in September should be 4.105 million barrels per day, but Iraq’s production, according to the latest OPEC data, amounted to 4.142 million barrels per day, meaning that it produced more than His share in September was 37,000 barrels per day.
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