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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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OPEC production recorded a record high, led by Iraq, Libya

rocky
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OPEC production recorded a record high, led by Iraq, Libya Empty OPEC production recorded a record high, led by Iraq, Libya

Post by rocky Sat 01 Oct 2016, 3:17 am

my
[size=37]OPEC production recorded a record high, led by Iraq, Libya[/size]


Bgdad_mtabah Journal
Likely that OPEC's oil output, its highest level in modern history last September with the increase in exports from the north of Iraq at a time when Libya returned the opening of some major oil ports.
The increase comes despite the diminished production of Saudi Arabia, the largest oil exporter in the world and the agreement of Member States in OPEC this week in Algeria to restrict production to support prices in the first decision of its kind since 2008.
OPEC production rose to 33.6 million barrels per day in September from 33.53 million bpd in the amended for the month of August, according to a survey conducted by reading economic agencies based on shipping data and information from sources in the sector.
This increase in production to receive further doubts on OPEC's ability to determine the size of the new production target, which ranges between 32.50 and 33 million barrels per day, a task left to the minister while meeting will be held in November. Oil rose to near $ 50 a barrel.
Said Barney Childrob, chief commodities market has As.aa.ba "The agreement still has some difficult negotiations to determine the ceiling of production of each Member State Now that became OPEC to reduce (production) on the table for the first time in eight years, Brent crude is not even able to rise above $ 50 at least not yet. "
Production has risen since OPEC abandoned in 2014 for its historic role of capping production to support prices, pumping Saudi Arabia, Iran and Iraq more crude, as production jumped due to the return of Indonesia in 2015 and Gabon in July to the membership of the organization.
OPEC production in September, with the exception of Gabon, Indonesia is the highest in surveys Alaguetasidih agencies, which began in 1997 at 32.65 million barrels per day, a record.
In September, Iraq and Libya led to increase the Organization's production, and began the Iraqi Oil Marketing Company (SOMO) government and the Kurdistan region of Iraq's semi-autonomous export of crude from Kirkuk oil fields jointly again which led to the increase are putting Iraq on the market to 4.43 million barrels per day in September.
In Libya's National Oil Corporation opened three ports were closed in the past, allowing the company Arabian Gulf Oil (Ojoko) of the Foundation, which operates mainly in the east of the country to increase their production.
The decline in the production of Saudi Arabia from the record levels recorded earlier in the summer, according to sources in the survey he said.
Iran's production did not score -osra source for the growth of production in the OPEC this year after the lifting of sanctions Gharbah- little change this month as it approached the levels of pre-sanctions. Tehran is seeking investments in order to increase production.

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