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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

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    Bahr al-Ulum calling for a "cartel" forgive Iraq's oil quotas

    Rocky
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    • Post n°1

    Bahr al-Ulum calling for a "cartel" forgive Iraq's oil quotas Empty Bahr al-Ulum calling for a "cartel" forgive Iraq's oil quotas

    Post by Rocky Mon 10 Oct 2016, 5:27 am

    [size=30]Bahr al-Ulum calling for a "cartel" forgive Iraq's oil quotas[/size]
    10/10/2016 12:04 | Number of Views: 177
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    [rtl]Direction Press / follow-up[/rtl]
    [rtl]A member of the Oil and Energy Committee MP Ibrahim Bahr al-Ulum, the Organization of Petroleum Exporting Countries "OPEC" to exempt Iraq from the quota system, which will be divided oil quotas at the Vienna conference in December next first.[/rtl]
    [rtl]Uloum said in a statement that "the last meeting in Algeria producing countries and oil-exporting cartel gave positive signals being included initial agreement on the reduction of production and Saudi pledge to reduce text million barrels of production and Aafad Iran and Nigeria from the quota system is in itself a form of detailed key precedent for the stage was betting Saudi Arabia finding them far from the production ceiling and lower oil prices quotas. "[/rtl]
    [rtl]He added that "Iraq was a supporter of the agreement and will continue in production and today Iraq has made the production of 4.5 million barrels per day and pays the biggest trends if it managed to increase production to 5 million barrels a day, so it must be exempted Iraq from the quota system and gives a signal also gave to Iran and Nigeria."[/rtl]
    [rtl]Bahr al-Ulum stressed on Iraq remain outside the quotas and production depends on the development of oil fields and that Iraq needed money to rebuild infrastructure and to fight Daesh stricken. "[/rtl]
    [rtl]The organization "OPEC" announced the 28 of last September, that its members reached an agreement to install production between 32.5 and 33 million barrels per day ceiling during a meeting of Algeria "informal", which turned into an informal meeting exceptional, and its decisions are binding and described as "historic."[/rtl]
     

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