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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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    Economist: Iraq faces an opportunity to maximize oil revenues

    Rocky
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    • Post n°1

    Economist: Iraq faces an opportunity to maximize oil revenues Empty Economist: Iraq faces an opportunity to maximize oil revenues

    Post by Rocky Sun 09 Apr 2023, 5:52 am

    [size=52]Economist: Iraq faces an opportunity to maximize oil revenues[/size]
    • Today 08:46

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    Information / Baghdad...
    Economic affairs specialist, Muhammad Al-Saadi, explained that Iraq is facing a valuable opportunity to maximize oil revenues by exploiting the reduction in oil production and achieving an increase in prices.
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    Al-Saadi told Al-Maalouma, "OPEC's decision to reduce production was deliberate, and its results began to appear in the oil markets through high demand and price increases."
    He added, "Iraq will not be affected by the reduction in production, but rather it will achieve large revenues in light of the high oil prices and exceeding the threshold of $85 a barrel, especially since the budget was prepared at the level of $70 a barrel."
    And he indicated that "the demand will rise during the coming period, especially since America needs to strengthen its stocks after losing a lot of stocks in the last period, during which it sought to reduce oil prices to $70 a barrel in order to buy it from the producing countries, and as a result, OPEC's decision will raise oil prices and frustrate them." America's plans to increase the strategic stockpile. ended 25 n
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