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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq is the focus of the next OPEC meeting competition on the WIPO Secretariat to increase its produ

    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19

    Iraq is the focus of the next OPEC meeting competition on the WIPO Secretariat to increase its produ Empty Iraq is the focus of the next OPEC meeting competition on the WIPO Secretariat to increase its produ

    Post by Hkp1 Sun 02 Jun 2013, 4:59 pm

    Iraq is the focus of the next OPEC meeting competition on the WIPO Secretariat to increase its production



    Author: HAA
    Editor: BK, NK
    2013/06/30 17: 19


    Range/Baghdad

    Expect
    a British newspaper specializing in Economic Affairs, said Thursday
    that the Iraq focus of the next meeting of the Organization of petroleum
    exporting countries OPEC, his be or become poor to a number of reasons,
    including the competition for the position of the Secretariat of the
    Organization, being the second largest oil producer in OPEC and "direct
    competitor" in market share with Saudi Arabia.

    She said the
    British Financial Times newspaper The Financial Times in an article
    published today, and seen (range), that "observers expect that the
    ministerial meeting quarterly 136 to OPEC, which is to be held in
    Vienna, Austria, on Friday (31 May 2013), to keep official production
    ceilings rates as it is when the 30 million barrels a day more than is
    meet for speeches", however in the absence of the words "competitive but
    OPEC mask controversy domestically bubbling for two that will formulate
    The nature of the Organization for years. "

    It added, "the first
    issue on the response to rising oil production capacity within the
    cartel agreed production ceiling, and the second concerning the election
    of the new Secretary-General of the Organization," adding that "these
    two Center alahatdamine one is Iraq."

    Alvainnanshial times quoted
    an ancient observers of OPEC expected that this meeting will lead to a
    formal decision is final but Iraq behind the scenes is the only issue
    that attracts attention, "adding that" Iraq had formally excluded from
    the OPEC production ceiling since the outbreak of the first Gulf war
    (1990-1991) but with higher rates of oil production became difficult to
    ignore ".

    The British newspaper said that "Iraq produced rates
    that exceed three million barrels a day, is currently the second largest
    OPEC oil producer and is also in direct competition with Saudi Arabic
    market share amid the rapid growth of the Asian market", noting that
    "Baghdad Basra light crude oil has offered discount prices of up to $ 1
    for Saudi oil average in recent months."

    The paper said that
    "Iraq is forced to make a discount in the price of primary products to
    compete with other types of oil as a result of the rapid expansion of
    production", the "Riyadh expressed concern the pricing strategy of its
    neighbour, in addition to competing on the Asian oil market, there is a
    long-standing political rivalries between the two countries."

    And
    thousands of times, saying that "on the other hand, the urgent need to
    return to the production quotas has declined somewhat because the
    President is not Iraq could rapidly increase production as had been
    hoped, which will enable the market to absorb the increased OPEC without
    sharp fall in prices."

    The paper quoted one OPEC delegations as
    saying that Riyadh and Baghdad "not to hurry to settle their positions,"
    adding that "growing demand consumes all the production of heavy oil
    and light oil.

    British alhaifa, asserts that with the
    "International Energy Agency forecast to double oil production to six
    million bpd by 2020, OPEC watchers say that any deal between Saudi
    Arabia and Iraq are just a matter of time."

    Although the British
    Financial Times newspaper, that "the other outstanding issue with the
    meeting was the successor Abdullah Al Badri as Secretary General of the
    Organization, stating that" the Libyan man sabeini, extended the period
    of unusually post at the end of its three years in Office last year,
    after the Member has failed to agree on the election of his successor.

    The
    newspaper noted that "Saudi Arabia and Iran may forward their
    candidates who did not receive the consent of each other, the third
    candidate, is an Iraqi, he also seems to be unacceptable to Saudi Arabia
    due to the existing differences between Riyadh and Baghdad", likely to
    lead to a decision to extend the lifetime of Badri in Office. "

    Iraqi
    Cabinet announced in (6th of March past 2012), on the nomination of the
    Chief Advisor of the General Secretariat of the Council, thamir,
    officially for the post of Secretary General of the Organization of
    petroleum exporting countries OPEC.

    He was a member of the
    Advisory Committee to the Prime Minister for Economic Affairs, mashat,
    said in his speech during the Iraqi Energy Conference, held in the UAE
    capital Abu Dhabi, (23 May 2013), that Iraq seeks to achieve a target
    production of 10 million barrels per day by 2017.

    And Iraqi
    Deputy Prime Minister for Energy Affairs Hussein Al-Shahristani, in (18
    December past 2012), that Iraq looks forward to 2017 to reach production
    capacity of College at a rate of 9-10 million barrels of oil a day,
    while according to the International Energy Agency that Iraq will
    produce six million barrels of oil a day by 2020, it will not reach the
    level of production of eight million barrels per day by the year 2035.

    And
    the Organization of the petroleum exporting countries Organization of
    the Petroleum Exporting Countries known by OPEC, the 12-nation world
    Organization depend on oil exports heavily to her. And abbreviated its
    name to OPEC and OPEC members to increase revenues from selling oil on
    the world market, and the Member States of this organization, 40 percent
    of global output and 70 percent of the world's oil. Founded in Baghdad
    in 1960, by Saudi Arabia, Iran, Iraq, Kuwait and Venezuela, based in
    Vienna.

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