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Neno's Place Established in 2006 as a Community of Reality


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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

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


    "For a quarter of a century" .. Iraq breathes a sigh of relief, according to the statement of the Se

    Rocky
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    "For a quarter of a century" .. Iraq breathes a sigh of relief, according to the statement of the Se Empty "For a quarter of a century" .. Iraq breathes a sigh of relief, according to the statement of the Se

    Post by Rocky Wed 12 Jul 2023, 4:43 am

    "For a quarter of a century" .. Iraq breathes a sigh of relief, according to the statement of the Secretary of the Organization of Petroleum Exporting Countries

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    Baghdad Today - Follow-up
    The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, said, on Tuesday, during an oil and gas conference in Nigeria, that global demand for energy of all kinds is expected to rise by 23 percent until 2045.
    Iraq is the second largest country among the members of the organization in the export of crude oil and depends on its imports by more than 90%.
    Oil Minister Hayan Abdul-Ghani said at a meeting in Vienna last week that "5.400 million barrels of oil per day is Iraq's current production capacity, and we look forward to raising it to 6 million barrels," referring to "144.5 billion cubic meters of oil reserves and more than 133 trillion cubic feet of gas."
    He pointed out that "the voluntary reduction of oil production contributes to strengthening the stability of the global energy market," stressing that "OPEC + decisions guarantee the interest of the producer and consumer and market balance."
    Executives in the oil sector and other officials from OPEC have repeatedly indicated the need to continue pumping investments into the oil sector, warning that stopping it will lead to higher prices.
    Al-Ghais also said that calls to limit new oil projects or stop financing them are unrealistic and unwise, but acknowledged the need to use technology to tackle persistent fossil fuel emissions.
    He added, "The global demand for energy is expected to increase by a significant rate of 23 percent in the period until 2045, which means that we will need all forms of energy."
    He also said, "We will need innovative solutions such as carbon capture and storage, hydrogen projects, as well as the circular carbon economy, which received positive support from the G20."
    He added that the global oil sector needs to invest $12.1 trillion during the same period, but it is not yet on its way to reach that level of investments.
    Sources close to OPEC said that the organization is likely to maintain its optimistic forecast for oil demand growth for next year in a report to be published this month, as it expects demand to slow compared to the current year, but it will remain above average.
    OPEC's forecast for 2024 is likely to be lower than the growth it expects for this year, of 2.35 million barrels per day, or 2.4 percent, a remarkable rate as the world emerges from the emerging coronavirus pandemic.
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