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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    To escape from the weak export capacity of 6% .. The Minister of Oil presents a “strange” informatio

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278277
    Join date : 2012-12-21
    • Post n°1

    To escape from the weak export capacity of 6% .. The Minister of Oil presents a “strange” informatio Empty To escape from the weak export capacity of 6% .. The Minister of Oil presents a “strange” informatio

    Post by Rocky Tue 13 Sep 2022, 7:05 am


    [size=30]To escape from the weak export capacity of 6% .. The Minister of Oil presents a “strange” information and is attributed to OPEC unless it interferes with it!

    2022-09-13
    [/size]
    [You must be registered and logged in to see this link.]
    Yes Iraq: Special

    According to the Minister of Oil, Ihsan Abdul-Jabbar, information that is “incomprehensible” and cannot be described as logical, when he stressed in a statement widely circulated in the media that Iraq is committed to exporting its quota specified under the “complete” OPEC agreement.
    This statement is considered by specialists as a “shading” of public opinion, as OPEC does not primarily interfere with setting Iraq’s export quotas, but only interferes with the production quantity, and Iraq remains free to export the entire quantities, half or a quarter.
    Abdul-Jabbar's statement came perhaps to cover up Iraq's deficit by raising its export capacity, and the existence of an oil surplus product that cannot be exploited due to the inability to export it.
    Abdul-Jabbar says that his country aims to increase its production and export capabilities in the coming years, by promoting investments in the oil and energy sector.
    Iraq produces 4.5 million barrels of oil per day, of which more than 400,000 barrels per day are produced by Kurdistan, which means that the Ministry of Oil’s production is only 4.1 million barrels per day, of which 600,000 barrels per day are consumed locally, and the remaining 3.5 million barrels per day are supposed to be ready for export. .
    However, Iraq's maximum export capacity is only 3.3 million barrels per day, which means that 200,000 barrels per day are stored by Iraq in tanks because it is unable to export them, meaning that Iraq does not export its entire quantities ready for export, but rather exports only 94% of the exportable quantities.
    Reuters had touched on this problem, which it described as a "setback", while Iraq seeks to increase the operational export capacity in Basra to 3.45 million barrels per day from 3.3 million barrels per day.
    Reuters said that the failure of the development plan threatens to strain Iraq's ability to increase production and mean missing the opportunity for an increase of 150,000 barrels per day.
    While SOMO expected to increase the southern export capacity to 3.35 million barrels per day in August and reach 3.45 million barrels per day by September, nothing has materialized, and Reuters quoted a source as saying that there is a delay in the project (pumping stations). )” Noting that without modernization work, Iraq’s exports could remain around 3.3 million barrels per day.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sun 29 Sep 2024, 2:25 pm