Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

Iraq allocates 2019 oil sales with 67 percent of exports for Asian markets

Post new topic   Reply to topic

Go down

Iraq allocates 2019 oil sales with 67 percent of exports for Asian markets

Post by GirlBye on Tue Nov 27, 2018 12:13 pm

An Iraqi national flag flies as excess gas is being burnt off near the Zubair oil refinery, southwest of Basra in southern Iraq. (Photo: AFP/Getty Images/Haidar Mohammed Ali)


Iraq’s Oil Ministry on Tuesday said they had allocated the country’s oil sales for 2019 with 67 percent of exports going to Asian markets.


The ministry mentioned that 20 percent of its oil exports in the future would go to Europe and 13 percent to North and South America.


Iraq’s 2019 oil sales will also include the shipments of Kirkuk oilfields which contain billions of barrels of oil reserves, the ministry said in a statement.


“The economic and marketing basis and mechanisms, and strategic vision, adopted by (state oil marketer) SOMO in allocating the available quantities for exports are based upon the importance of each market with regards to demand and revenue generated from selling one barrel,” Reuters quoted Asim Jihad, a ministry spokesperson.


Thamer Ghadban, the Iraqi Minister of Oil, urged a “balanced policy” when dealing with the global oil market, and stated that the country’s 2019 sales were aimed at maintaining stability.


The head of SOMO noted that in March, Iraq would try to corner a more significant share for Asian markets through a new joint venture strategy.


He mentioned that 60 percent of the country’s oil exports are already directed to Asia.


The Federal Government of Iraq recently resumed the export of Kirkuk oil to Turkey’s Ceyhan port through the Kurdistan Region’s oil pipeline which was halted for over a year.


For now, the resumption is about 50,000 – 100,000 oil barrels per day, which is expected to increase and bring more revenue to Kurdistan and Iraq in general.



http://www.kurdistan24.net/en/news/24a2a9f8-e058-4785-85d3-86b1198173ee
GirlBye
GirlBye
VIP Member
VIP Member

Posts : 706
Join date : 2018-07-09
Location : So Cal

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You can reply to topics in this forum