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Iraq supports the freeze on oil export levels globally
4/12/2016 0:00
[rtl] Basra - Saad al - Sammak BAGHDAD - Tariq al - Araji
participate Iraq high - level delegation at theConference of the OPEC countries and beyond to be held in Doha next Sunday to agree to freeze the export of crude oil levels in a move aimed at ensuring the stability of producing countries , the economy in an effort to rebalance the global markets. An
official source in the oil Ministry told the «morning» that «Iraq will attend a high - level delegation Balmutmr which will be attended by leading producing countries , including Russia and Saudi Arabia in an international move to countries exporting crude oil to agree on specific levels of production and the absorption of the surplus of the world market».
He said Iraq supports implicit attitudes exporting countries in freeze production quantities at levels that will be agreed upon during the Doha meeting, especially as the announcement of the meeting has contributed to a large extent the improvement inprices that hit its lowest level since 2003.
the source said that the surplus output current global markets beyond 2 million barrels aday, as it can be contained to support prices by agreeing to freeze production of exporting countries with low US oil production rate and expectations of recovery in theeconomies of industrialized countries imported , such as China, India and Japan.
the national oil Company (SOMO) has announced the registration of Iraq , an unprecedented rise in oil exports last month, as the agency reported «Bloomberg» economic yesterday that Iraq has increased its oil production to reach 4.5 million barrels per day.
revealed the oil ministry on Monday about the level of production from Iraq , which is likely to be frozen with OPEC member states and outside the Doha meeting.
he said ministry spokesman Assem Jihad , in a press statement: that «Iraq is bound toany agreement aims to support oil prices and the adoption of a freeze production at thelevel of last January which was our production 3.757 million barrels a day» , stressing that «Iraq with any action aimed at supporting oil prices , taking into account the interests of producers members OPEC and outside », indicating that« it is important to come up with realistic serve prices in global oil markets, in addition to safeguarding the interests ofmember states ».
he continued jihad« these are all temporary measures to address the decline and are not permanent, but it is a step in the right direction, to see the reaction on the ground and after every incident »pointing out that« this freeze will not be in the long term ».
as part of recently, able Angels Iraqi subsidiary of Maysan oil from the provision of $ 300 million, and then run through the flames high - pressure pipe path and the low in Abu West Station in the province, which was entrusted to a Chinese contractor, according to a company statement received »Sabah» copy of it.
in the oil file last, and the oil Ministry confirmed the constant desire to provide large stocks of various petroleum products to meet the need of the Ministry of Electricity generators civil and government in preparation for the summer season.
a source in the inspector general of the ministry office »Sabah»: that his ministry is keen to provide various types of fuel to the Ministry of Electricity in order to ensure thecontinuation of the generating units to operate during the summer season , thus alleviating the burden on citizens , despite the fact that the indebtedness of the Ministry of Electricity to his ministry had exceeded five trillion dinars.[/rtl]
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