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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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    Iraqi expectations that the world population will rise to 9.5 billion people.. What about oil produc

    Rocky
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    Iraqi expectations that the world population will rise to 9.5 billion people.. What about oil produc Empty Iraqi expectations that the world population will rise to 9.5 billion people.. What about oil produc

    Post by Rocky Sat Feb 24, 2024 7:38 am

    Iraqi expectations that the world population will rise to 9.5 billion people.. What about oil production?

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    Economy News - Baghdad
    The Iraqi Oil Minister, Hayan Abdul Ghani, expected today, Saturday, that the world population will rise to 9.5 billion people in the middle of the current century, indicating that this will increase OPEC’s oil production ceiling to 116 million barrels per day.
    Oil Minister Hayan Abdul Ghani said, in his speech during the “Sixth Baghdad Dialogue Conference” held in the capital, and attended by the “Al-Eqtisad News” correspondent, that “the state’s budget depends mainly on oil imports, and there is a great responsibility that falls on the Ministry to provide the main source to sustain Iraqi state budget.
    He added, "The ministry has developed an ambitious plan to increase production, but we are major parts of OPEC and one of its founders, so we are committed to production ceilings."
    Abdul Ghani continued, “Iraq’s production, according to its OPEC quota, amounts to 4 million (barrels per day), and this comes to maintain the stability of global market prices and achieve a balance between supply and demand.”
    He stated that “studies indicate that during the middle of this century, crude oil production from OPEC will increase by 16%, as the organization now produces 100 million barrels, and the ceiling will rise to 116 million barrels per day,” explaining that “the need comes within the framework of growth.” The world population will rise from 8 billion to 9.5 billion people, with an increase of one and a half billion people.”




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