Oil reveal to [where] the proagreement to freeze production [Extended]posal when Iraq failed to OPEC[/ltr]
[ltr][rtl]History[/rtl] of [rtl]edits:: 2016/3/17 15:20 • 73 visits readable[/rtl][/ltr]
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The Iraqi Oil Ministry on the proposal if the Organization of Petroleum Exporting Countries failed to agree at a meeting to be held on 17 April next in Qatar to freeze oil output levels on the month in January.
He said ministry spokesman Assem Jihad told all of Iraq [where] that "freeze production step in the right direction and whether this process are irrelevant to oil prices surely must producing countries that Ntkhvd production by 2 to 5% until it is supporting oil prices and make it beyond the 60 or 75 dollars per barrel. "
He added that "Iraq is one of the important countries in the Organization of Petroleum Exporting Countries and works to find mechanisms to support oil prices in world markets, which has always advocated the need to hold meetings between producers inside and outside OPEC in order to regulate the production process in the markets."
Jihad said that "Iraq is watching the oil market and prices, but the problem now is not to increase production is achieved the highest export rates and higher productive rate when the ministry announced that the production of all of Iraq's ports during the last month amounted to 4.775 million barrels and exports 3.9 million barrels" .
He said the "financial budget for this year was built on the basis of a price of $ 45, and prices are now ranging from about $ 40, and whenever you get an increase in the prices certainly reflect on Iraq's revenues," pointing out that "Some experts predict that prices exceed fifty dollars this year, Wi exceeded the base rate in the budget will serve the national income and reduces the deficit ratio. "
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