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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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Finance Minister: Iraq is unable to increase its oil exports and supports the cuts

rocky
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Finance -   Finance Minister: Iraq is unable to increase its oil exports and supports the cuts Empty Finance Minister: Iraq is unable to increase its oil exports and supports the cuts

Post by rocky Wed 20 Apr 2022, 5:41 am

  Finance Minister: Iraq is unable to increase its oil exports and supports the cuts

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Economy News _ Baghdad
Deputy Prime Minister Ali Allawi said that Iraq is unable to increase oil exports in response to rising global oil prices and supply disruptions related to Russia, because it is clearly abiding by agreements mandated by OPEC.
Allawi said during a visit to Washington that "while Iraq benefits from the high oil prices incurred by the Russian-Ukrainian war, the costs of the conflict are also significant, including higher prices for fertilizers, wheat and other basic commodities."
Allawi added that the reasons for Iraq's stay in OPEC were confirmed recently through the agreement to cut supplies led by Saudi Arabia, which he described as "a successful policy without a doubt."
Iraq pumped 4.34 million bpd in March, up 80,000 bpd from February and just below the OPEC production ceiling of 4.37 million bpd, according to the latest S&P Global Commodity Insights survey.
Production rose in March with the country's giant West Qurna 2 field returning from maintenance about two weeks ago, while protests disrupted the Nassiriya field for a few days at the beginning of the month.

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