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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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    American institution: Iraq's second-largest contributor to the growth of global oil equipment 2015

    Rocky
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    American institution: Iraq's second-largest contributor to the growth of global oil equipment 2015 Empty American institution: Iraq's second-largest contributor to the growth of global oil equipment 2015

    Post by Rocky Fri 04 Mar 2016, 2:49 pm

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    3/4/16


    Confirmed American institution, that Iraq was the second largest contributor after the United States, the growth of the global market equipment of oil during 2015, of which four million barrels per day, while showed that Iraq's production rates, including producing from the Kurdistan region, were higher than the rates in 2014 the past, specialists pointed out that the money was the result of increased production did not invest in a scientific manner to develop the infrastructure of the country.
    The US Energy Information Administration EIA analysis and statistics, in a report yesterday, I followed ( the long - Presse), said that "Iraq was the second largest contributor after the United States, the growth of the global market equipment oil during the past 2015 , " noting that "Iraq 's production rates, including producing from the Kurdistan region, amounted to about four million barrels per day, higher than the rates in 2014 last up to 700 thousand b / d. " the 
    foundation says that" domestic oil consumption has dropped in Iraq a little during 2015, resulting in increased rates export to the world market , "arguing that" themodernization of infrastructure for storage facilities and pumping oil in Iraq 'ssouthern fields, and improve the quality of the raw operations source from Basra fields, contributed significantly to increasing production rates. " 
    confirmed the EIA, that" Iraq began in June 2015 the past, marketing Basrah heavy, which features the traditional other type known ore Basrah light, that Iraq worked to improve the quality and increase the export rates as well as the other product was heavy ".ozkrt institution, that" the five largest shareholders in dumping the global market with oil during the year past 2015, they both the United States and Iraq , and Saudi Arabia, Brazil and Canada. " 
    for his part , economist said Abbas Ibrahim Bahadli in an interview for the " long "," the increase Iraq's production of oil provides great opportunities to increase financial its revenues imperceptibly as to help maintain the local market equilibrium " . 
    "the years have seen a surge remarkable increase in oil production as a result ofservice contracts that define the four rounds of licenses signed by the previous government with foreign companies to develop a number of fields in central and southern Iraq." He Bahadli that "Iraq lacks administration efficient in the funds derived from the sale of oil investment process, and previous experience of successive governments earliest example can be judged through it, where officials accelerated squandering and embezzlement of billions of dollars without positive results are reflected on the lives of citizens." 
    He said the "last two decades witnessed the transformation of some oil -producingcountries to investment countries are working on the use of oil money to develop other resources to get rid of the curse of the only source that would future of thecountry controlled under the confusion witnessed in the energy markets. "  
    He noted that" the financial crisis experienced by the country revealed the extent of the failure of the administrative organs that oil wealth has not invested when itwas sold for a barrel of oil at $ 120 to arrive today , to the extent of $ 30. "  
    he stressed Bahadli that" the economic transformations and financial crises that will push the government to reconsider the way the distribution of financial resources in a way help to reduce public spending and relying gradually the real resources and reduce the administrative structure of the state so as to provide billions of dinars for investment in highly profitable productive sectors. " 
    the oil Ministry, confirmed on the first of January 2016, that the total Iraqi oil exports in the past in 2015, amounting to one billion and 96 million barrels, indicating that its revenues almost fifty billion dollars.




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