Expectations of a rise in global oil prices decline as a result of "probable" Iraqi production
Baghdad / Hamid Ahmed
The Bretton Aanerjee Aspakedz Energy Aspects of British analysis and market forecasts, and FGE Malaysian economic Consultancy, according to the report by Bloomberg Bloomberg news, and I followed ( the long -Presse), said that "Iraq 's oil production growth rate will slow down and then plan graph starts to decline more with the end of the year the current 2016 and the next year in 2017. "
attributed the two institutions to" shrinking financial allocations for projects to develop oil fields than $ 13 billion during the year 2015 the past, to only seven this year, "Mtoukatan that" contribute to the decline ofproduction to raise the price of oil in the global market. "
ruled out British institution that "Iraq maintains the high oil production rates which have increased more than 40 percent since mid - 2014 past, with the arrival of exports to record levels , " noting that " the decline inimports of government impedes their ability to invest after Iraq had reached the maximum alone of its capacity to store and export oil. "
and the transfer site Bloomberg for economic analyst Richard Malinson, from Aanerjee Aspakedz Foundation UK, as saying that the" likely to shrink outlays for government investment on the largest fields in the country to seven billion dollars during the current year, after it had been up to $ 13 billion in the past 2015 and 20 billion by the year 2014, "returned to" the decline of investments in the oil fields affect the production and export of the country 's rates. "
Malinson He added that" Iraq 's oil production growth rate will slow down before it starts to decline over theyear - end current in 2016, and during the next year in 2017 , "noting that it could" help increase world oil prices later this year, in conjunction with the increase in global demand and falling supplies from other sources in the world, which led to the removal of the surplus of crude in the market. "
for his part, economic analyst Tushar Bansal said, the FG Foundation any FGE Malaysia, said that "investment in Iraq 's southern oil fields could fall by 30 to 40 percent during the current year, with the delay in the Iraqi government, which suffer from a financial crisis, pay the dues of foreign oil companies and shrinking of itsexpenditure more on oil projects. "
He continued Bansal" will not get new investments in oil wells and Satodh , a decrease of production later this year , "adding that the" market ready for this effect , which may lead to higher oil prices. "
the oil Ministry announced in ( first of May 2016), by rising exports during the last April to three million and 343 thousand barrels per day. It is
noteworthy that Iraq is suffering a severe financial crisis as a result of the repercussions of the decline inworld oil prices and the war against (Daash).