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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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Iraqi Oil Minister comments on OPEC's decision

rocky
rocky
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Iraqi Oil Minister comments on OPEC's decision Empty Iraqi Oil Minister comments on OPEC's decision

Post by rocky Thu 06 Oct 2022, 4:57 am

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[size=52]Iraqi Oil Minister comments on OPEC's decision[/size]

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[size=45]Today, Wednesday, Oil Minister Ihsan Abdul-Jabbar commented on the OPEC decision to reduce oil production and the extent of its effects on Iraq.[/size]
[size=45]Abdul-Jabbar said in a statement received by (Baghdad today), that "the OPEC Plus ministerial meeting seeks and aims to achieve more stability and stability in the long run and the gains achieved by the OPEC Plus group in reaching and maintaining stability and balance for oil markets, which was reflected positively." on the economies of the producing countries, including Iraq.[/size]
[size=45]And Abdul-Jabbar indicated that "the decision to reduce production came in line with the wise policy pursued by OPEC Plus during the past years, which is to proactively take precautionary measures to confront the fluctuations of the oil market," noting that "the decision to reduce total production by 2 million barrels per day, with the contribution of all producing countries in OPEC Plus, and according to the production levels required for each of them, as of November 2022.[/size]
[size=45]He pointed out that “the decision aims to protect the oil markets from the negative effects as a result of the conditions and challenges facing global markets,” noting that “Iraq aims to maintain its reference production level, which was set by the agreement of the member states in 2021.”[/size]
[size=45]Abdul Jabbar stressed that “Iraq’s exports will not be affected by this reduction, as a result of managing internal consumption and in line with the decision to reduce production, in order to preserve the current export capabilities,” expressing his hope that “the decision will return with more stability and balance to global oil markets, and to the national economy.” .[/size]
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