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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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Its value is half a billion dollars.. 8% of Iraq's production of fuel oil goes to Lebanon for an “un

rocky
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Its value is half a billion dollars.. 8% of Iraq's production of fuel oil goes to Lebanon for an “un Empty Its value is half a billion dollars.. 8% of Iraq's production of fuel oil goes to Lebanon for an “un

Post by rocky Fri 08 Jul 2022, 5:16 am


[size=30]Its value is half a billion dollars.. 8% of Iraq's production of fuel oil goes to Lebanon for an “unknown fee” and it is “prevented” from Iraqi factories.


2022-07-08
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Yes Iraq: Special

Iraq intends to extend the “black oil” fuel agreement with Lebanon to generate electricity, which details of the return that Iraq obtained as a result of exporting nearly one million tons during the past year were not revealed, as the agreement refers to Iraq exporting one million tons of fuel oil in exchange for “services” and without The nature of these services is known.
The Lebanese Minister of Energy in the caretaker government, Walid Fayyad, said that Iraq had expressed its intention to extend the agreement on fuel for electricity generation.
During a press conference following a meeting between Fayyad and the head of the caretaker government, Najib Mikati, at the government headquarters in central Beirut, Fayyad indicated that Iraq supplies Lebanon “80,000 tons per month, but during this period the quantity is less due to the difference in price .. it decreased to 40 thousand A ton provides two hours of nutrition instead of 4 hours.”
He pointed out that work is underway to prepare for another visit to Iraq "to crystallize and extend the new formula of the agreement, and to show the Iraqi side that we are committed on our part to pay the dues, albeit in a gradual and phased manner."
 
Iraq produces about 1.2 million fuel oil per month, or the so-called “black oil”, while it sends to Lebanon 80,000 tons per month, which means that about 8% of Iraq’s production of fuel oil goes to Lebanon in exchange for unknown “services.” No clear government data revealed about If Iraq has already obtained it.
The global price of a ton of fuel oil is $466 per ton, which means that the value of what Iraq sends to Lebanon for a year is equivalent to about $500 million, or “half a billion dollars.”
Iraq is being given these quantities of fuel oil to Lebanon, at a time when the Ministry of Oil is “annoyed” about what it gives of fuel oil at a subsidized price to Iraqi factories and factories, until it described in a statement months ago that selling fuel oil to Iraqi factories at a subsidized price causes a loss of 5 trillion dinars, or more than 3 billion dollars.
In 2020, Iraq exported 14,000 tons of fuel oil, with revenues of $1.9 billion.
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