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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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    Baghdad is making progress in its negotiations with Tehran to resolve common fields file

    Rocky
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    Baghdad is making progress in its negotiations with Tehran to resolve common fields file Empty Baghdad is making progress in its negotiations with Tehran to resolve common fields file

    Post by Rocky Wed 17 Aug 2016, 6:53 am

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    2016/08/17 | 13:41

    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy News follow - up revealed that the Ministry of Oil, to make progress in the negotiations with the Iranian side to resolve the joint oil fields file, and pointed to the need to be invested those fields in accordance with the agreement between the parties, as predicted increased rates of oil production during the next year , 2017, a US enterprise specializing likely to register Basra 's exports of crude oil during the month of September, an increase of 13 from what was exported in August. 

    he said ministry spokesman Assem Jihad said Iraq has more than a joint oil field with the neighboring countries, noting that the joint Committee with Iran have made ​​progress in resolving the files on the subject of the common fields. 

    Jihad said that the two parties the right to invest in the common fields, but according to an agreement between them, pointing out that international law provides for the investment of the common fields by a third party gives both parties natural right and by along each field. 

    the spokesman for the ministry, that Iraq has invested Badra border field by foreign companies, in addition to afield Bazargan and loose change , so the Iraq touching response to this file, pointing out that has been approved with the Japanese loan of two billion and 700 million dollars worth of development Basra field . 

    Jihad said the ministry hopes to refer Nasiriyah refinery of 300 thousand barrels a card to one of the international companies, as is the case with the refinery in Missan capacity of 150 thousand barrels, in addition to continuing towork in a project to establish a refinery in Karbala funded by the federal budget and the implementation of aKorean company, adding that the ministry continues to encourage investment in refineries and continue to develop the existing refineries. 

    in the same context , said Platts Foundation, the US, in a statement, I followed the long the high production rates cultivars of Basra light crude and heavy, pushing the probability of higher exports of crude during the month ofSeptember, to 3.257 million barrels per day, by total 97.715 million barrels per month, adding that these figures indicate a rise of 13 compared to August SMN. 

    She Platts, that based on the shipping dates of data for the month of September, will be exported about 2.324 million barrels per day of class Basra light crude, and 933 333 barrels per day of class Basrah heavy. 

    she Platts, the export of August rates will stand at the borders of 2.788 million barrels per day by 2.078 million barrels per day of class Basrah light crude and 710,000 barrels of class Basrah heavy, asserting that the total oil exports for the month of August will be around 86.415 million barrels. 

    the Iraqi oil Ministry announced on the first of August in 2016 exported more than 99 million barrels of oil during the month of July, valued at 3.74 billion dollars, as revealed that daily exports from the ports of southern Iraq averaged more than 3.2 million barrel , up from the month of June, indicated that the price per barrel average of $ 37.7. 

    for his part , director of operations at the southern oil company spokesman Abdul Karim, said in a press statement quoted by Reuters agency , the US, and I followed the long, if international oil companies , including British Petroleum , British BP and Lukoil Lukoil and Russian company Royal Dutch Shell Royal Dutch Shell Netherlands to resume investments in the development of Iraqi oil fields projects starting in the second half of the year in 2016 and continuously. 

    Abdul Karim added that the companies will resume investment seconds in oil projects after a break earlier for reasons dating back to crisis financial and non - allocation of funds to cover project expenditures, adding that thecompanies will return a lot of bio - oil projects , which was forced to stop earlier because of falling oil prices and thecuts made ​​by the government earmarked for such projects budget. 

    Karim confirmed that the companies in obtaining the required budgets for the implementation of these projects, and expected increased rates of oil production over the next year. 

    It is said that the three oil companies agreed to spend half the budget they proposed for 2015 to Asttmroha during the second half of 2016 

    and agreed BP to spend $ 1.8 billion to the project Rumaila field , which is run through the year 2016, and the have agreed last year in 2015 initially to spend $ 3.5 billion on the project , and was forced to reduce the amount allocated to $ 2.5 billion. 

    the Shell has agreed to spend 742 million dollars after it promised to spend $ 1.5 billion last year, while theallocated company Lukoil amount of $ 1.08 billion for its oil after it had been allocated $ 2.1 billion last year. 

    the Iraqi oil Ministry announced on Thursday, June 2, 2016 for talks and discussions with international oil companies to keep Iraqi oil production levels and increase the pace. 

    Iraq is the second largest oil producer in OPEC, and is working with other members of the organization, such asSaudi Arabia, Kuwait, the UAE and Iran, to increase their oil exports during the third quarter of the current 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 the next June, Havea so the example of other oil producers in the Middle East to increase their shares in the market ahead of the meeting of Organization of petroleum exporting countries ( OPEC )members early this month.

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