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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


    A specialist details the economic feasibility of bartering Iranian gas for Iraqi oil

    Rocky
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    • Post n°1

    A specialist details the economic feasibility of bartering Iranian gas for Iraqi oil Empty A specialist details the economic feasibility of bartering Iranian gas for Iraqi oil

    Post by Rocky Fri 14 Jul 2023, 4:10 am

    [size=35][size=35]A specialist details the economic feasibility of bartering Iranian gas for Iraqi oil[/size]
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    Sweeteners

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    2023-07-14 | 03:01
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    Today, Friday, economic expert Nabil Al-Marsoumi revealed the economic feasibility of bartering Iranian gas for Iraqi oil.


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    Al-Marsoumi said in a post, followed by Al-Sumaria News, that "usually barter or rather set-off is between two parties, one of whom has a surplus of a commodity and the other suffers from a deficit," adding, "However, [You must be registered and logged in to see this link.] does not suffer from a deficit in the production of crude oil and black oil, but rather from restrictions." America is dependent on its oil exports, and therefore it does not need Iraqi crude oil."



    He added, "[You must be registered and logged in to see this link.]'s production of black oil in 2021 amounts to 335,000 barrels per day, rising in [You must be registered and logged in to see this link.] to 384,000 barrels per day, while the demand for black oil in [You must be registered and logged in to see this link.] is 189,000 barrels per day, compared to 255,000 barrels per day in [You must be registered and logged in to see this link.]. Therefore, [You must be registered and logged in to see this link.] has a surplus of oil." Black oil amounts to 49,000 barrels per day, and therefore it does not need Iraqi black oil."

    And Al-Marsoumi continued, "On this, [You must be registered and logged in to see this link.] will be, especially when it sells crude oil and black oil at international prices, as stated in the agreement. It will be the biggest winner because it will be able to export its surplus oil production from the [You must be registered and logged in to see this link.] fields and the surplus of black oil to pay the Iranian gas import bill, while [You must be registered and logged in to see this link.] will not be able to use it." Crude oil and black oil are used in domestic consumption because it is self-sufficient, and we cannot re-export them due to [You must be registered and logged in to see this link.] sanctions, which raises doubts about the practical application of this spending between [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.].
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