Iraq's third-largest strength of the global oil market

by **Rocky** Wed 05 Oct 2016, 4:04 am

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Iraq's third-largest strength of the global oil market

by Rocky Wed 05 Oct 2016, 4:04 am

Iraq's third-largest strength of the global oil market

5/10/2016 0:00

[rtl]BAGHDAD / Hussein Tgb
for as long accustomed observers who follow what is going on behind the scenes at theOrganization of conferences (OPEC) Note sparring between the two giants of theorganization 's traditional Saudi Arabia and Iran, but the latter is the official conference ,which took place in Algeria on the sidelines of the International Energy Forum (where itwas agreed in principle to determine the ceiling between 32.5 to 33 million barrels per day by the Organization, the share in the market) has resulted in the emergence of the player seems to be chances to dominate the policies of (OPEC) and the future of not less than Saudi Arabia and Iran 's
ability to manage the affairs of the strategies the organization , but it is Iraq, who wanted to prove that the meeting path and the will of the decision - making does not stop at theparties , but are like all ministers of the Organization.

Members stakes
international energy expert Mustafa Abdul - Hussein said that a review of the production ceiling is was inevitable after the damage caused to all the producers relegation suffered by the market since more than two years, but the remaining issue of quotas ordered postponed until the next official conference to be held in Vienna in November this year, as well as proceed with the policy choice between the installation and the pieces as away to follow the market and to ensure reaching the goal of balance between supply
and demand.
He said in an interview «morning» was most prospects outlook dominated by uncertainty controlled by several factors Kalmdharbh and inability to control the reasonable flow ofcrude away from Altjaosalve doing a lot of producers, and economic conditions of theParties to the consumer in the balance equation, competition garrison of conventional crude and non - traditional. And contributed to some of those pessimistic expectations in the softening of the Saudi position and having to understanding the sudden with theIranian competitor out of the Algiers Agreement last (country which calculates his role in purifying the atmosphere between the parties), in order to avoid Alastmrarvi maintain the quota policy, preferring to return to what it was organized the ability to modify theconditions at the various stages of the price cycles over the past decades.

unit (OPEC)
Abdullah Al - Hussein added that this proof at the moment that the dreams of others demise of the star has decreased its luster, and impossible illusions that the Organization was able to ensure the unity and the imposition of policy by formal its meeting
next year.
he said despite the fact that many OECD countries need to raise production to cover budget expenses, but that collides with an obstacle individual shares or share acombined organization as a major player in the market policies, as well as the reality of the supply determined by the demand and the state of the global economy needs.Perhaps one of the topics at issue in the calculation of the share stock size and updates carried out by the countries periodically have mechanisms, in addition to a crisis or war experienced by the countries that fall under the organization that prevent them from injecting appropriate amounts and intervals may be longer or shorter wing, as well as investments in excess of billions of dollars in the energy sector to qualify some of them to play an active role in the market processing surplus over domestic needs, and exceeds what their Alkhoznip energy reserve Spare capacity, so as to create thenecessary flexibility to deal with the
rough.

important role
and that the facts raised by the Iraqi delegation in Algiers conference that the issue ofguessing Estimation that is often devoted to Iraq , including not adapted to the current production renaissance through the role of global corporations and national effort, not even with his future plans to reach a production ceiling able to exceed the expectations of the international energy agency in 2012 to reach the number six million (6) a day in 2020 through the scenario drawn by the IAEA (represented Iraq at the time My Account in the meetings set up with other scenarios to forecast the future of energy in the country taking into consideration the aspects of a comprehensive and angles and timely energy conditions involved the be the country 's role and a vital basis to cover the needs of themarket and by moving cover 45 percent of the projected global production increase).
he pointed out that he hardly be a country eligible strongly among the rest of theproducers because the production environment , which claimed the works to beconfigured for more than five years, actively campaigned global partnership unprecedented lacking in the rest of the OECD countries (Iran is trying to tend after thelifting of sanctions turn Iraq of trying to attract foreign investments ).

energy projects
and between it's important to maintain a strategic energy projects first Botertha to seek actively to overcome the difficulties of austerity and lower production costs, despite what his disposal the state in the fight against terrorism and the problems of displaced persons, and to stand each on its own feet as a water injection by the sea, raising thepotential of Storage and gas investment to support the industry, electricity and domestic consumption and develop export facilities projects, and reduce bad environmental impact of burning, could be replaced by natural gas for oil in projects consume oil, it can be thelast export to maximize the financial resources of the state budget, in addition to theimportance of enhancing the export potential and several outlets to avoid crossing Options
Wahid.
he concluded by saying: Iraq could have a speech broadcast in the organization, toimpose a fait accompli by entering arena giant prepared preparing to back his words withacts, and shut out the statistics and guesses unrealistic for some energy research centers, and opens the door wide to make choices that should not them to be monopolized by a particular state or
two states.[/rtl]

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Iraq's third-largest strength of the global oil market

Iraq's third-largest strength of the global oil market

Iraq's third-largest strength of the global oil market

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