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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 will export only 66% of its oil share in March... and a loss of 1.5 billion dollars

    Rocky
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    Iraq will export only 66% of its oil share in March... and a loss of 1.5 billion dollars Empty Iraq will export only 66% of its oil share in March... and a loss of 1.5 billion dollars

    Post by Rocky Thu 03 Mar 2022, 6:01 am


    [size=30]Iraq will export only 66% of its oil share in March... and a loss of 1.5 billion dollars


    2022-03-03
    [/size]
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    Yes Iraq: Baghdad

    Iraq's share of oil production next April, according to the OPEC + agreement, will reach 4.414 million barrels per day, but production obstacles will deprive Iraq of nearly 500 thousand barrels per day, to produce only 3,934 million barrels per day.
    And OPEC + stated in its schedule that “the production share of Iraq for the month of April was set at 4.414 million barrels per day, an increase of 44,000 barrels per day from the month of March, which amounted to 4.370 million barrels per day and an increase of 89 thousand barrels per day from last February, indicating that” Iraq It was the second largest producer in the organization after Saudi Arabia, and the third largest producer in OPEC + after Saudi Arabia and Russia.

    Iraq will issue only 66% of its share in March.. a loss of 1.5 billion dollars
    Iraq is currently witnessing a production “lag,” represented by the suspension of work in the West Nasiriyah field, which produces 80,000 barrels per day due to “tribal problems and pressures on the appointment request,” as well as maintenance work that stopped the West Qurna 2 field in Basra, which produces 400,000 barrels. per day, which will stop production during the first two or three weeks of this month.
    And compared to Iraq’s share of oil production in March of 4.370 million barrels per day, the loss of 480,000 barrels per day and during the first two or three weeks of March, this means that Iraq will produce only 3.890 million barrels per day, for three weeks or 21 days of March.
    Iraq locally consumes about one million barrels per day, which means that it will export only 2.890 million barrels per day during the first three weeks of March, and then return to export after operating the fields in the last week of 3.370 million barrels per day, for a total of more than 91 million barrels to be exported in March. a little daily.
    Thus, Iraq will export only 66% of its production quota in most of the month of March, and according to the current prices, which have exceeded 110 dollars per barrel, it will lose approximately one and a half billion dollars of its assumed revenues in this March
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