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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq notify its customers to cut oil production

    Rocky
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    • Post n°1

    Iraq notify its customers to cut oil production Empty Iraq notify its customers to cut oil production

    Post by Rocky Wed 21 Dec 2016, 3:05 am

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    Iraq notify its customers to cut oil production


     Baghdad / term 

    It notified the State Oil Marketing Organisation (SOMO) in a speech customers of crude oil buyer that Iraq will abide by reducing production agreed by the Organization of Petroleum Exporting Countries "OPEC" the 
    company said in a speech that the size of the production cuts will range between 200-210 thousand barrels per day during the first half of 2017. 
    a source in the industry familiar with the subject " the exact size reduction for each shipment of cargoes destined for customers will be determined for each individual shipment." 
    Last month , the energy ministers of the Organization of Petroleum Exporting Countries "OPEC" agreed to reduce production by 1.2 million barrels a day as of early January. Under OPEC 's agreement it would have to be on Iraq, which is the second largest producer in the Organization, to reduce its production by about 200 thousand barrels per day to 4.351 million barrels. 
    On the other hand , he said the British company BP, said that "oil production from the Rumaila field in Iraq exceeded 1.45 million barrels per day , its highest level in 27 years, compared with one million barrels per day in 2009". 
    And produced Rumaila 3 billion barrels of oil since January January 2010 when he began a joint venture between BP and PetroChina , and the South Oil Company of Iraq to run the field.

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