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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


    Oil Minister: Private sector investment will occupy the first rank of our plan

    Rocky
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    Oil Minister: Private sector investment will occupy the first rank of our plan Empty Oil Minister: Private sector investment will occupy the first rank of our plan

    Post by Rocky Mon 22 Aug 2016, 3:28 am

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    Oil Minister: Private sector investment will occupy the first rank of our plan


     Baghdad / Ibrahim Ibrahim 

    The Minister of Oil Jabbar defect, on Sunday, that private sector investment will occupy thefirst orders of the ministry 's plan to develop the oil sector in the country, with experts in the oil Shan pointed out that the participation of the private sector represents a good step to increase production and reduce unemployment and gain experience. 
    He said the Information Office of the Minister oil Jabbar defect in a statement received "long", a copy of it, that "the oil minister Jabbar defect, confirmed that private sector investment will occupy the first orders of theministry 's plan to develop the oil sector in the country." 
    the statement quoted the minister as saying, " the private sector has a priority in the process of thedevelopment of the oil wealth in the country , "noting that" the global economic crisis and falling oil prices require open multiple channels in the process of developing the important sector in the country. " The defect, that "among the priorities of the Ministry 's work plan in the coming phase is to open the way for the private sector to invest in the oil field in order to develop it and bring it to the desired goals through increased production and export of energy to the countries of the world would be reflected positively on the Iraqi economy." 
    the oil minister Jabbar Laibi face, on August 18 , 2016, an increase of the production of petroleum products and reduce the proportion of imported into half and take advantage of international experiences with regard to the distribution and mobilization of petroleum products terminals " in form and substance , " and as he emphasized the need to improve local product of benzene because of its positive impact on the citizens, he pointed out the ministry has sought to work with specialized companies to expand the area of exploration forcrude oil. Turn oil expert Ali Jassim punitive said in an interview for the "long", that " the participation of theprivate sector in the development of the oil production operations are considered a good step from several directions notably reduce unemployment and increase the efficiency of national cadres in addition to boost domestic production of consumer." 
    He added that " the oil sector is President artery of the resources of the financial budget, so it needs to put the great flexibility of immediate and future plans to meet the challenges of the decline in world crude oil prices. " 
    explained punitive" the major industrialized countries has given a large part of its oil investments in favor of the private sector , who worked on the participation of governments in the development of the oil sector to reach the global market control phase. " He said the "production of oil derivatives operations and access to self - sufficiency is the most difficult job facing the oil ministry spent billions of dollars annually to import most of its oil products from neighboring countries to meet domestic Alinvs." 
    The oil expert , said "licensing rounds have contributed significantly to the increase in oil production , but the drop in oil prices led to a profit drop to a dangerous level in exchange for increasing the share of foreign companies that have accumulated over the years entitled due debt payment to the federal government. " 
    He added that" re - negotiate with the investment of foreign companies can provide extra money to thegovernment without resorting to cancel the contracts definitively what caused the loss of billions of dollars inaddition to the loss of confidence by major countries Her experience in the field of oil. " 
    in a related development Kazibrom oil company Russian working in the Badra oil field, announced that all ofthe produced crude oil over the past two years reached 3 million tons, while attributed the rise in production to business investments in the field. 
    the website Sputnik news Russian in the news I followed the "long", "Kazibrom oil company has been able to pump approximately 3 million tons of crude oil in a field Badra during the past two years," attributed high production to "business investments in the field." 
    He said the site, that " the volume of oil production from the Badra field has exceeded since the beginning of the year 2016 an average of 1.3 million metric tons." 
    the Kazibrom company has introduced early this year , four oil wells into production in the field , bringing in oil production averaged 30,500 barrels per day, at a time when drilling another four wells in the hope of finishing them with the beginning of the year 2017. 
    with oil record a strong weekly gains, counting analysts this rise is not justified, despite speculation that it that Saudi Arabia and others are seeking an agreement to install production. 
    rose US crude oil prices settled at the biggest weekly gain since March to achieve, while Hafez Brent on agradual rise for him, while analysts said that market fundamentals do not justify this increase. 
    the increased crude prices by about ten dollars since the beginning of August on speculation that Saudi Arabia and other members of the senior of the Organization of the Petroleum exporting countries (OPEC) would reach next month an agreement to install a production with non - members of the organization led by Russia. 
    it rose WTI US mediator 30 cents or 0.62 percent at the settlement to 48.52 dollars a barrel after touching level, and rose through the entire week , nine percent to its gains for the second week in a row and thebiggest weekly gain since March beginning. 
    closed Futures low to Brent one cent to $ 50.88 a barrel , after jumping to the highest level in two months to$ 51.22 a barrel, and Brent eight percent during the week , recording gains for the third consecutive week. 
    OPEC holds an informal meeting in Algeria next month with producers from outside. 
    he said Morgan Stanley (NYSE: MS) in a note , "we see that the fundamental factors that have improved not a major cause for the rise in prices in recent times .
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