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Today .. informal meetings starting point for oil producers
8/10/2016 0:00
[rtl]Oil Minister: We seek to increase the production of the refineries
BAGHDAD / Hussein Tgb / Farah pumice
with Iraq 's move to determine the share of productivity fair to him within the organization «OPEC» after he objected to the results of Algeria 's last meeting, the major powers in the «OPEC» begins with Russia in Istanbul on Saturday series informal meetings to discuss the re - balance to the global oil market amid experts predicted an improvement soon in crude prices departing from the realities of the most important of the lack ofstockpiling strategic major states and install production and the need for funds for thesustainability of the oil fields.
oil producers meeting
and announced the Algerian energy Minister, Noureddine Bouterfa, a meeting between oil producers within the Organization of petroleum exporting countries «OPEC», and outside, between the eighth (today) and the tenth of October now in Istanbul , Turkey to discuss the situation of the market.
he Bouterfa in an interview: «We will hold an informal meeting in Istanbul of Turkey among countries (OPEC) and other oil producers in the international energy week ,which is held in conjunction (rapporteur between 8 and 13 October) of this ».
according to the Algerian minister, the« unite countries (OPEC) after a meeting of Algeria will facilitate negotiations on restoring the balance of the oil market, and will also examine the market situation at the Vienna meeting formal next November end ».
members and reach of the Organization of « OPEC »at an informal meeting during thelast week in Algeria turned into a formal meeting exceptional, and its decisions arebinding and described pal« historic »an agreement on the installation of production inorder to prop up prices on global markets, which planted the seeds of hope among theproducing countries better future for oil prices in world markets.
rejected an Iraqi ,
but the oil minister Jabbar Laibi questioned in one of two ways Taatbahma «OPEC» to estimate oil production to its members, noting that this issue may be a source of trouble for the country to involved in a possible deal to reduce production reached by theorganization in Algeria last week.
He revealed inform Iraq, Saudi Arabia and Iran rejected the agreement between the oil exporting countries members (OPEC) at the level of production of 32.5 million barrels per day , which took place on the sidelines of the meeting of the global Forum , which was held on 27 - 28 last September in Algeria , with the participation of Iraq.
the organization used «OPEC» , which also meets on November 30 two sets of figures are estimates of production, are the figures provided by the Member States themselves and the estimated secondary sources , which are usually less. The estimated secondary sources of Iraq 's oil production in August at 4.343 million barrels per day, but according to figures from OPEC , Iraq 's production amounted to 4.638 million barrels per day in August.
Production levels
are scheduled to host Iraq this month with selling entities in the field of evaluating levels of oil production ahead of an informal meeting of the Organization of «OPEC» next month amid an increase in the hottest issue with competing members of the organization on production allocations.
He called on Iraq 's second - largest oil producer in the «OPEC» international organizations and information kits assesses its oil production to visit the oil Ministry.
the Iraqi oil Marketing company (SOMO) in the invitation letter: the meetings to be held on 24 and 25 October , come » for the purpose of detailed participate in more accurate to Iraq's oil production numbers». the
company added that «during the meetings mentioned you will have the opportunity to record the agency you represent in order to obtain circular is expected to meet theneeds in the estimation of Iraq 's oil production ».
understandings new
in the meantime, she saw economic Jassim Al Aradi said a member of the Baghdad forum declining oil revenues for the states to make it looking for new understandings help improve the crude oil prices in world markets and commensurate with the producing countries and consuming.
He pointed out that Iraq has become a major player in the oil market after the Algiers meeting last after he proved that Iraq 's prominent and important between major oil producing countries in the world role, this stemmed from the productivity potentials that emerged clearly during the past years. Aradi between the producing countries covet access to the balance of the price is the negative effects of the lack of revenue in their economies after the Big steep decline, as all producers realized that large among major consuming countries precautions quantities began to decline, and this is one of thereasons that help lift crude prices in different international markets.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=124437[/rtl]
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