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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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    Expert: The "OPEC +" agreement prevented Iraq from reaching the fourth rank in global oil production

    Rocky
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    Expert: The "OPEC +" agreement prevented Iraq from reaching the fourth rank in global oil production Empty Expert: The "OPEC +" agreement prevented Iraq from reaching the fourth rank in global oil production

    Post by Rocky Fri 18 Nov 2022, 5:28 am

    Expert: The "OPEC +" agreement prevented Iraq from reaching the fourth rank in global oil production

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    Economy News - Baghdad
    The economist, Hamza Al-Jawahiri, said that Iraq can overtake Canada, which produces the same amount 
     4.665 million barrels per day, as it has the ability to reach 4.850 or 4.900 million barrels per day, and thus ranks fourth in the world.
    Al-Jawahiri explained, "The reduction that took place by the (OPEC Plus) organization made Iraq produce an average of 4.260 million barrels per day, which prevented it from reaching that rank."
    He added, "The United States came first, according to the report, at a rate of 11.567 million barrels per day, by adding nearly two million barrels of strategic oil reserves per day in order to reduce prices, which was actually achieved by decreasing the price of a barrel from $100 to about $92." Where very large quantities were pumped."
    He pointed out that "(OPEC) has deliberate decisions to control production in order to adjust the rhythm of oil markets in the world and maintain its stability."



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