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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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    Iraq looking with international oil companies to increase production

    Rocky
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    • Post n°1

    Iraq looking with international oil companies to increase production Empty Iraq looking with international oil companies to increase production

    Post by Rocky Sun 05 Jun 2016, 3:27 am

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    Iraq looking with international oil companies to increase production


     Baghdad / Hamid Ahmed 

    The Iraqi Oil Ministry, last Thursday, for talks and discussions with international oil companies to maintain Iraq 's oil production and increase rates levels, while Russia's LUKOIL oil revealed a plan to increase oil production rates in Iraq. 
    He said Oil Minister Adel Abdul - Mahdi, said in a statement press transfer site Sputnik news Russian and I followed ( the long - Presse), said "We are now in discussions with international oil companies for the purpose of inviting investors to continue their work to achieve a future increase oil production and to maintain certain levels of production." 
    the Iraqi oil Ministry predicted on Thursday (June 2, 2016) , high oil prices to $ 65 during the second half of the year 2016. 
    for its part, revealed Russia's LUKOIL oil, for a plan to increase oil production rates in Iraq, as pointed out that negotiations are under way with Iraq to agree on a service contract terms. 
    he Head of Russia's LUKOIL Vagit Alakbarov, told the Interfax news agency quoted Russian and followed up (range Press), "We met with the Undersecretary of the Iraqi Ministry of oil Fayyad grace , " noting that "Lukoil plans to increase its oil production rates in Iraq." 
    He added Alakbarov that " the company continues negotiations and consultations with the Iraqi side in order to agree on the conditions of service between the two parties and amend certain terms of the contract , "he said , adding that" the oil ministry has shown its willingness to continue the negotiations. "   
    He stressed Iraq, on Wednesday (25 May 2016), his intention to overcome the constraints that hinder theincrease production of oil and bring it back to the "standard" level achieved by the beginning of the current 2016 of four million and 800 thousand barrels per day, while globally known financial newspaper suggested that the transformation of the financial crisis facing Baghdad is currently without achieving its ambition toproduce about six million barrels by the year 2020. 
    the Iraqi oil Ministry announced on Thursday (2 of the twentieth 2016), talks and discussions with international oil companies to keep Iraqi oil production levels and increase rates. 
    the Brent crude oil index, on Thursday (26 May 2016), an increase of 1.2% for up to $ 50.34 per barrel for the first time during the current year, with analysts attributed the rise to increased demand for crude oil from top oil consumers in the world, had swung the continued rise in oil prices during the year. 
    Iraq is the second largest oil producer in OPEC, is seeking with the rest of the members of the organization, such as Saudi Arabia, Kuwait, the UAE and Iran, to increase its oil exports during the third quarter of thecurrent 2016, as Iraq is trying to overcome the standard rate of current exports amounting to up to three million and 370 thousand barrels per day, during this June, Havea so the example of other oil producers in theMiddle East increase their shares in the market ahead of the meeting of the Organization of Petroleum exporting countries members (OPEC) early this month.
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