Home
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
17/12/2016 0:00
[rtl]Expert: Basrah compete strongly in the global markets of
Baghdad / follow - up to the joy of pumice
at a time hastened when Iraq to sell more crude oil to the largest customers «Aonepk Chinese», expanded its position in the global market ahead of the start of the implementation of agreed production cuts with OPEC and other producers , the government began to harvest the fruits of an output cut by touching them to increase fiscal revenue, and develop plans to maintain production and improve it through an agreement with international companies agreement.
This comes as oil expert predicted for the morning { »increased demand for Iraqi oil after the recent agreement between Baghdad and Erbil, and investment fields , which is extracted from the oil of high quality.
In light of new deals with refiners Indian and American, the increase in contract volume with the commercial arm of the largest refiner Asian Corporation (Sinopec) means that it will be on Baghdad to reduce the supply destined for other clients in order to meet their commitment to reduce production of 210 thousand barrels per day of 2017.
The news Reuters news agency three informed sources as saying that he «was signing a contract (Aonepk) such as the Organization of Petroleum exporting countries agreement (OPEC) , which occupies Iraq seats out with the other producers led by Russia to cut up to 1.8 million barrels a day in an effort to reduce the glut of global supply and raise the prices".
They said that the Iraqi Oil Marketing Company (SOMO) increased Basra crude futures sales to (Aonepk) three percent to between 40 and 60 million barrels a quarter per year from 435 to 652 thousand barrels per day in 2017
and said a trader who specializes in crude is sent to China: «if Iraq increased its sales to China , while others were forced to reduce their size or keep a stable Iraq will gain in the end a new stake in the oil market is arguably the most important».
And Iraq 's second - largest producer in OPEC after Saudi Arabia , currently ranks third among the largest suppliers of crude to China - after Russia and Saudi Arabia - where he scored a jump of 15 percent year on year to about 723 thousand barrels per day between January and October.
One source said: that is expected within the framework of the extended Chinese deal to carry (Aonepk) two million barrels of Basrah heavy in a single quarter.
One trader said last buy Iraqi crude: »Basrah Khama became recognized and stable quality and supply to be reliable.»
She (Aoanbug): It does not comment on specific deals.
According to a source familiar with the preliminary agenda for downloads January oil, the (SOMO) also westward Basrah heavy on fixed - term to Exxon Mobil, Chevron and India 's Essar Oil refiner new contracts.
And contribute to a jump in the contracts expected to Basra exports to 3.53 million barrels per day in January 2017 , which would be the largest size since June, according to loading schedules showed.
In India 's crude imports from Iraq have increased 24 percent in the first ten months of this year to 784 thousand barrels per day to become Iraq 's second - largest supplier of crude after Saudi Arabia.
Iraqi crude exports also increased to the United States more than doubled in the first nine months of 2016 compared with the same period a year ago to about 350 thousand barrels per day , with the decline in Venezuelan supplies as shown by data from the Energy Information Administration.
Hurried Oil Minister Ali Jabbar and coffee to hold talks with the two Kocaz to develop oil production and investment optimization for gas.
He and coffee during the meeting that « the ministry attaches great importance to the development of the gas industry through the optimum use of gas associated with oil extraction operations», demanding Kocaz company «make greater efforts to reach common goals».
He added that « the ministry is working to create an appropriate environment for the work of companies operating in Iraq to implement projects that develop the Iraqi oil sector and push the wheel of economic growth and prosperity».
For his part , CEO of the Korean Kocaz confirmed the company was willing to move forward to achieve the desired goals and increase production.
Also it studied the oil minister with the CEO (Exxon Mobil) Brad Corson on opening new horizons for the work to develop the oil industry.
He Laibi: The «ministry is looking to develop a relationship with (Exxon Mobil) to promote the oil and gas sector in Iraq», saying « the ministry has sought to move forward in the development of joint action will reflect positively on this vital sector».
For his part, he stressed the CEO (Exxon Mobil) , according to the statement that his company is seeking to open new horizons to work with the ministry to develop work and move towards the achievement of planned objectives.
The center of this picture, predicted oil expert from Basra Hussein Marzouk , an increase in the demand for Iraqi oil due to its high quality recent agreement between Baghdad and Erbil.
It's Mrozk {Sabah »that Baghdad and Erbil agreement will support guarantee a fixed quota for Iraqi oil on the world market, as well as the possibility of opening new markets.
He also said that «Iraqi oil, especially Basra oil, proved to the world its quality, so the demand has become the high compared Balnfot other», calling on those in charge of this sector to «more investment in high - quality fields, because the global market is looking for good products and competition Brent ».
He pointed out that «Iraq began selling crude oil since the agreement (OPEC) between 46-48 dollars , and this is higher than the price set in the budget , which means that the government has begun to reap the fruits of what he worked for a long time».
Oil prices rose on Friday on growing evidence that the producers in the Middle East have notified the customers coming supply cuts as part of a coordinated effort to drain the global supply glut.
According to Reuters, futures for Brent crude rose nine cents from the previous settlement to $ 54.11 a barrel. And increased US crude West Texas Intermediate 18 cents to $ 51.08 a barrel.[/rtl]
[rtl][You must be registered and logged in to see this link.][/rtl]
» Ports Authority notes the fate of the five berths in the Grand Faw Port
» MP: Why is the regional government fighting the civil banks war and leaving the core of the issue?
» Political researcher: The amendment will include sovereign ministries
» Retirement: End of service bonus paid to more than 7,000 retirees
» Al-Mashhadani stresses the importance of the role of the Audit Bureau in combating administrative an
» Al-Mashhadani and Al-Hakim discuss parliament’s approval of important laws
» Parliamentary consensus to pass controversial laws soon
» Currency Auction.. Increase in the Central Bank of Iraq’s sales of foreign remittances
» Interior Ministry dismantles 600 drug networks, electronic passport to be introduced soon - Press co
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
» Foreign Minister warns of major and dangerous economic repercussions
» Roadmap for Reform
» Government reshuffle looms over Al-Sudani’s cabinet.. The compass of change is heading towards 4 min
» Parliamentary move to legalize foreign labor in Basra
» Parliament intends to amend the retirement law and return the service age to 63 years
» Parliamentary move to question a senior official and complete procedures against the Minister of Com
» Legal expert explains the mechanism for forming the Kurdistan Regional Government
» Silk Road imposes a state of maximum alert suddenly
» Sheikh Raouf: There is an urgent need to find a constructive, corrective opposition in Kurdistan
» Green light from Baghdad to build the first waste recycling plant in eastern Iraq
» MP: Al-Mashhadani discussed 3 important files with parliamentary blocs
» MP: Al-Mashhadani's election will not affect the completion of legislation
» Parliamentary Oil: Investment in associated gas in fields exceeds 60%
» IMF: Foreign investment outperforms sovereign funds in generating growth in Gulf
» Categories exempted from the curfew in the population census.. Get to know them
» Kurdish investment trend in central and southern Iraq.. What are the reasons?
» Iraq exports more than 6 million barrels of oil to America in a month
» The Private Banks Association supports the Prime Minister’s directives to localize private sector em
» Parliamentary confirmation to support financial oversight in combating corruption
» Next Sunday.. Celebrating Baghdad Day
» Sayyid Sistani's commandments
» New services for health insurance subscribers
» Al-Sudani directs ministries to leave (cash)
» Mr. Sistani sets a roadmap for Iraq’s prosperity
» OPEC+ postpones production increase
» Government Advisor to {Sabah}: Turkish companies’ expertise has given them importance in implementin
» The future of smart cities in Iraq is on the table for discussion
» Expectations of achieving agricultural self-sufficiency within 3-5 years
» Ministry of Agriculture: Launches the Electronic Inquiry System Service
» Electricity contract employees demonstrate in Maysan to demand permanent employment
» The Council of Ministers holds its regular session headed by Al-Sudani
» Iraqi oil exports to America amounted to more than 6 million barrels during the past month
» Launching the major national campaign to raise awareness of the Social Security Law
» Private Banks Association: We support the Prime Minister’s directives to localize private sector emp
» Parliamentary Committee: The Social Security Fund has become sovereign and the legislation of the la
» Britain launches programme inside Iraq to combat 'Kurdish human trafficking gangs' in France
» Warnings of delay in forming the regional government: will push regional and international parties t
» Dollar prices rise again in Baghdad Stock Exchange and Exchanges
» Al-Sudani praises the assistance provided by the United Nations mission to Iraq in facing challenges
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
» Interior: We have achieved a very significant decrease in crime rates across the country
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
» Iraq, Saudi Arabia sign MoU for military cooperation, boost bilateral ties
» Transportation: Direct flights to 4 global cities
» Prime Minister stresses importance of Mr. Sistani's diagnosis of Iraq's needs
» “To enhance national security”.. Parliamentary Committee: Intelligence Service Law is ready to be pr
» Optimism for a bountiful agricultural season.. Kurdistan Region records record high rainfall amounts
» Al-Sistani’s “Seven Commandments” occupy Iraqi politics.. A reading of the position of the authority
» As the date approaches, will Article 140 hinder the population census?
» Prime Minister directs unification of efforts in the Iraqi Media Network
» “Framework” coups with Sunni facades on the map of local governments in preparation for the 2025 ele
» Parliament intends to extend the legislative session for a month
» Difficult tests facing Parliament.. What are the scenarios for the remainder of the current session?
» Parliamentary Security: Iran will launch a new strike against “Israel” within a short period.. What
» Barzani to Romanowski: We have started negotiations to form the tenth government and no veto on any
» Al-Sudani directs the localization of private sector salaries and sets a date for the departure of c
» Bakhtiar Haji meets a delegation from the General Directorate of Civil Defense in the Kurdistan Regi
» New Cities Authority sets timeframes for project completion, reveals details of its services
» Oil announces completion of drilling and rehabilitating 15 wells during the past month
» Ministerial Council for Economy: Taking the necessary measures and decisions that contribute to mark
» Parliamentary Legal: There is a trend to extend the legislative term of Parliament
» What is the truth about extending the legislative term of the House of Representatives?
» The "Freedom of Demonstration" Law is Ready for Voting.. How Was It Amended?
» Mr. Al-Sadr on the US elections: It is shameful for an Arab to pin his hopes on a senile or insane p
» Laws stuck hostage to disputes between blocs
» Doubts after the decline in power supply at the beginning of each month.. Is there a deal between ge
» Integrity and the Financial Supervision Bureau agree to activate the cooperation agreement between t
» Al-Mashhadani faces 170 suspended laws.. Will they be approved or deported?
» Parliamentary demands to cancel the security agreement with Washington
» MP: Oil derivatives smuggling has decreased by 80% in Iraq
» After years of controversy, the Minority Protection Act is submitted for the first reading
» Al-Sayhoud: The ministerial reshuffle is useless for several reasons
» Iraqi government makes changes to the General Secretariat: Al-Juhaishi succeeds Al-Halbousi
» Extension of the legislative term of the Iraqi parliament for an additional month to pass laws
» Prime Minister: The necessity of strengthening Iraq's position to be at the forefront of the region'
» Parliamentary Transportation: We are determined to pass the Civil Aviation Authority Law
» Baghdad Council: Study of the reality of companies applying to implement projects
» Water Resources announces its control over the oil slick in the Tigris River
» Reconstruction: A new government vision for distributing serviced lands among those entitled to them
» Parliamentary Immigration Committee demands increasing the amount of the return grant
» Accreditation of specialized graduates to support quality control
» Heritage markets and buildings in Mosul after its reconstruction
» Specialized committee to ensure acceptance of cybersecurity outputs
» The Ministry of Interior issues mechanisms to regulate the work of private security companies
» Baghdad Council: Study of the reality of companies applying to implement projects
» Welcome to the trends of establishing an administrative capital
» Securities trade more than 88 billion shares