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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


    With a new decision.. How will Iraq lose 6% of its oil exports?

    Rocky
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    With a new decision.. How will Iraq lose 6% of its oil exports? Empty With a new decision.. How will Iraq lose 6% of its oil exports?

    Post by Rocky Fri 08 Dec 2023, 4:02 am

    [size=35][size=35]With a new decision.. How will Iraq lose 6% of its oil exports?[/size]
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    Economy

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    2023-12-08 | 01:58
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    Alsumaria News - Economy

    Figures and statistics related to the voluntary reduction of oil reveal that the Iraqi reduction of oil was the largest among all OPEC+ countries.


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    The total reductions agreed upon by the OPEC Plus coalition amounted to 2.2 million barrels per day, but 1.3 million barrels per day was in fact an extension of previous reductions by Saudi Arabia and Russia, and the new reduction did not exceed 900 thousand barrels per day, and the reduction was[You must be registered and logged in to see this link.]It is the largest with 210 thousand throws per day.


     
    It is expected that this reduction will have a negative impact on the share[You must be registered and logged in to see this link.]The new production capacity has become only 4 million barrels, and this reduction may have a negative impact on the volume of oil exports and thus the volume of oil revenues, especially in light of the significant decline in global oil prices.

    Among the 1.3 million barrels per day that OPEC+ decided to reduce until the end of this year was[You must be registered and logged in to see this link.]At that time, he reduced 210,000 barrels per day, but with new cuts increasing by 900,000 barrels per day, he decided[You must be registered and logged in to see this link.]An additional reduction of 210 thousand barrels per day as well, bringing the total reduction to more than 420 thousand barrels per day.

    And while he repeats[You must be registered and logged in to see this link.]More than 700 thousand barrels per day in the refineries, he will only have 3.3 million barrels per day left to export, which is a smaller amount than the number fixed in the budget of 3.5 million barrels per day, which indicates the possibility of losing.[You must be registered and logged in to see this link.]More than 6% of its oil exports.
     
    The new voluntary reduction will continue until the end of the first quarter of next year, that is, until the end of March of next year 2024.
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