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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 Announces exported more than 100 million barrels in August revenues totaled $ 4 billion

    Rocky
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    Oil Announces exported more than 100 million barrels in August revenues totaled $ 4 billion Empty Oil Announces exported more than 100 million barrels in August revenues totaled $ 4 billion

    Post by Rocky Thu 22 Sep 2016, 2:29 am

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    Oil Announces exported more than 100 million barrels in August revenues totaled $ 4 billion


     Baghdad / Ibrahim Ibrahim 

    The Oil Ministry announced, on Wednesday, rising oil exports for the month of August rate , according to final official statistics issued by the State Oil Marketing Organisation (SOMO), and as he emphasized Oil Minister Jabbar Luaibi, the need to improve oil production environment to benefit from the allocations ofglobal companies, instructed the formation of a supreme committee to follow up the price of oil to world markets, and noted experts in the oil regard to the necessity of activating the investment in the gas sector by international companies to diversify its financial resources. 
    he said ministry spokesman Assem Jihad, said in a statement the "long" received a copy of it, that "according to the final statistics issued by the Iraqi oil Marketing company (SOMO), the total volume of oil exports for themonth of August from Central and South fields recorded an increase compared to last July, reaching 100 000 100 thousand barrels, and total revenue amounted to 3 billion and 928 million dollars. " 
    Jihad added that " the price per barrel average of $ 39,241 , " noting that " the quantities exported uploaded by 36 international companies from various nationalities from the ports of Basra and Khor al - Amaya and buoys unilateralism on the Arabian Gulf." It is 
    noteworthy that Iraq 's crude oil exported now from the southern port of Basra after a stop Northern exports result of the region 's commitment to the oil agreement with the federal government. 
    He said the official spokesman for the ministry said that "the oil minister Jabbar Allaibi instructed to form a committee comprising various disciplines to look at the financial potential of the international oil companies operating within the licensing rounds in Iraq." 
    Jihad said that " the Commission will to reach a formula to work with those companies to use some of thefinancial allocations in the areas of training and development of the Iraqi cadres to raise performance levels and improve the production environment. " It is 
    noteworthy that Iraq contracts with major international oil companies signed within the first oil licensing rounds and the second to develop oil fields in the provinces of Basra and Maysan. 
    between Jihad said that "the oil minister instructed the oil Marketing company (SOMO) to form a higher committee comprising a group of experts and those concerned with the oil to follow oil and the vagaries ofglobal markets , prices, its importance and its impact on government revenues." 
    Jihad said that " the Commission will provide insights and clear expectations of the state of the oil market and its impact export and conclude contracts in the process , "adding that" the Commission will report daily and monthly regular annual and determine which long and short - term expectations, as well as the conclusions of the assessment of the oil market and to take advantage of them in the selling price in the public budgets or future plans. " 
    Jihad confirmed that" pricing will lead to avoid gaps that may arise between the specific budget prices and the changes in the oil market. " in 
    turn, the oil expert Ali Jassim punitive said in an interview for the " long "," the steps taken by the Ministry ofoil since it took over the new minister duties that are considered good relatively according to market data of the global oil stocks , which began to settle gradually started. " 
    He added that" the focus on increasing production without the establishment and development of theinfrastructure needed by the oil sector Kalkhozanat and pipeline transport causes a clear flaw in thesustainability of operations in the energy sector. " 
    He said the punitive that" gas sector has not invested in such a way to reduce the pressure on the oil industry and helps to diversify the financial revenues of the government through its investment by foreign companies. "
    the oil prices dropped significantly and abruptly in the fourth quarter of 2014, which amounted to less than $ 30 per barrel in January 2016 after the price touched $ 116 a barrel at the beginning of 2014.
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