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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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    An economist reveals the huge losses in Iraqi oil revenues during the current year

    Rocky
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    • Post n°1

    An economist reveals the huge losses in Iraqi oil revenues during the current year Empty An economist reveals the huge losses in Iraqi oil revenues during the current year

    Post by Rocky Fri 02 Jun 2023, 5:16 am

    [size=30]An economist reveals the huge losses in Iraqi oil revenues during the current year[/size]

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    AM:10:31:02/06/2023

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    Today, Friday, economic expert Nabil Al-Marsoumi revealed significant losses in Iraqi oil revenues during the current year.


    Al-Marsoumi said in a post on Facebook, followed by NRT Arabia, that "the oil revenues achieved until May 2023 amounted to 37.222 billion dollars, and the oil revenues achieved until May 2022 amounted to 49.704 billion dollars, which means that the decline in oil revenues during these two periods amounted to 12.704 billion dollars." Pointing out that "the percentage of decline between these two periods amounted to 34%."


    He added, "The significant decline in Iraqi oil revenues is linked to the decline in global oil prices and the decrease in oil production and exports due to OPEC Plus restrictions, which reduced the production share of Iraqi oil by about 430,000 barrels per day, in addition to stopping the exports of Kurdistan and Kirkuk fields since March 25, which amounted to 470,000." barrels per day.”


    Al-Marsoumi added, "This decline will negatively affect the total oil revenues achieved in 2023 compared to the revenues achieved in 2022, which amounted to $115 billion, which casts a dark shadow over the 2023 budget, which is burdened with a large deficit, which mainly depends in its public revenues on oil revenues."


    The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, meet in Vienna on June 4 to decide on their production policy.



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    • Post n°2

    An economist reveals the huge losses in Iraqi oil revenues during the current year Empty Huge losses in Iraqi oil revenues

    Post by Rocky Sat 03 Jun 2023, 4:55 am

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    • FRI, 02-06-2023, PM 4:33
       
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    Economic expert Nabil Al-Marsoumi said, on Friday, that the oil revenues achieved for Iraq until May of this year amounted to 37.222 billion dollars, while the oil revenues achieved until May of last year 2022 amounted to 49.704 billion dollars.
    Al-Marsoumi said, in a post followed by the news agency Noon, that the decline in oil revenues during these two periods amounted to 12.704 billion dollars, indicating that the percentage of decline between these two periods amounted to 34%.
    He explained that the significant decline in Iraqi oil revenues is linked to the decline in global oil prices and the decrease in oil production and exports due to the (OPEC +) restrictions, which reduced the production share of Iraqi oil by about 430,000 barrels per day, in addition to stopping the exports of Kurdistan and Kirkuk fields since March 25, which amounted to 470,000. barrels per day.
    He continued, saying that this decline will negatively affect the total oil revenues achieved in 2023, compared to the revenues achieved in 2022, which amounted to $115 billion, which casts a dark shadow over the 2023 budget, which is burdened with a large deficit, which mainly depends in its public revenues on oil revenues.
    Yesterday, Thursday, the Ministry of Oil announced the total exports and revenues achieved for the month of May, according to preliminary statistics issued by the Iraqi Oil Marketing Company "SOMO".
    And it said in a statement, that "the total amount of exports of crude oil (102) million (463) thousand and (387) barrels, with revenues amounting to (7.306) billion dollars," noting that "the total quantities exported of crude oil for the month of last May from the oil fields In central and southern Iraq, it amounted to (102) million (206) thousand and (413) barrels.
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    • Post n°3

    An economist reveals the huge losses in Iraqi oil revenues during the current year Empty An expert monitors large losses in Iraqi oil revenues

    Post by Rocky Sat 03 Jun 2023, 7:04 am

    [size=45][size=41]An expert monitors large losses in Iraqi oil revenues[/size]
     22 hours ago
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    Economic expert Nabil Al-Marsoumi said, on Friday, that the oil revenues achieved for Iraq until May of this year amounted to 37.222 billion dollars, while the oil revenues achieved until May of last year 2022 amounted to 49.704 billion dollars.
    And Al-Marsoumi indicated, in a statement, that the decline in oil revenues during these two periods amounted to 12.704 billion dollars, indicating that the percentage of decline between these two periods amounted to 34%.
    He explained that the significant decline in Iraqi oil revenues is linked to the decline in global oil prices and the decrease in oil production and exports due to the (OPEC +) restrictions, which reduced the production share of Iraqi oil by about 430,000 barrels per day, in addition to the suspension of exports from the Kurdistan and Kirkuk fields since March 25, which amounted to 470,000. barrels per day.
    He continued, saying that this decline will negatively affect the total oil revenues achieved in 2023, compared to the revenues achieved in 2022, which amounted to $115 billion, which casts a dark shadow over the 2023 budget, which is burdened with a large deficit, which mainly depends in its public revenues on oil revenues.
    Yesterday, Thursday, the Ministry of Oil announced the total exports and revenues achieved for the month of May, according to preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO.”
    And it said in a statement that “the total amount of exports of crude oil (102) million (463) thousand and (387) barrels, with revenues amounting to (7.306) billion dollars,” noting that “the total quantities exported of crude oil for the month of May from the oil fields in Central and southern Iraq amounted to (102) million and (206) thousand and (413) barrels.
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