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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil expert: Iraq's purchase of Exxon Mobil's share will achieve a financial return of $ 526 million

    Rocky
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    Oil expert: Iraq's purchase of Exxon Mobil's share will achieve a financial return of $ 526 million Empty Oil expert: Iraq's purchase of Exxon Mobil's share will achieve a financial return of $ 526 million

    Post by Rocky Mon 29 Aug 2022, 5:19 am

    Oil expert: Iraq's purchase of Exxon Mobil's share will achieve a financial return of $ 526 million

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    West Qurna field
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    Economy News - Baghdad
    The oil expert, Ahmed Musa Jiyad, confirmed that Iraq will achieve a financial return of 526 million dollars after purchasing ExxonMobil's share in the West Qurna 1 field.
    Jiyad said, in a study seen by "Economy News", that "purchasing Exxon Mobil's stake in the amount of $300 million will generate a total cash return accumulated at the beginning of 2035 estimated at about $826 million over 13 years, meaning that it gives a net return of $526 million, which is The equivalent of depositing $300 million at an annual interest rate of 8.1%.”
    He added that the net cash return does not mean much in economic terms, because it overlooks the time factor, explaining that the production rate of West Qurna 1 field reached 520 thousand barrels per day during the month of June.
    He pointed out that ExxonMobil's share amounts to 158,000 dollars per day from the Ghorba Al Qurna 1 field.
    It is noteworthy that the Council of Ministers agreed to authorize the Ministry of Oil to buy Exxon Mobil's share, worth 300 million dollars.
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    Added 08/29/2022 - 11:04 AM
    Update 08/29/2022 - 1:07 PM


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