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."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730
DINAR INFORMATION LINKS

PARTNER SITES
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
Post new topic   Reply to topic
Share | 
 

 Taiwanese company signs contract with Iraq to replace oil from Iran

Go down 
AuthorMessage
GirlBye
VIP Member
VIP Member
avatar

Posts : 636
Join date : 2018-07-09
Location : So Cal

PostSubject: Taiwanese company signs contract with Iraq to replace oil from Iran   Fri Nov 30, 2018 10:37 am

A worker in one of Iraq's many oil fields. (Photo: Archive)




A Taiwanese refining company says it has entered into a new fixed-term agreement with Iraq to buy light crude from the southern province of Basra in 2019.


Despite a US sanctions waiver to purchase crude from Iran, Taiwan’s Formosa Petrochemicals said on Thursday that a “lack of payment mechanism” has prevented it from buying Tehran’s oil.
Spokesperson KY Lin told Reuters that Iraqi supplies would replace Formosa’s immediate purchases of crude from Iran.


“There is no payment mechanism, so we will suspend Iranian oil loadings for the time being,” Lin stated. “So, the Iraqi contract is to replace some of the Iranian volume.”


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. It was not clear if this figure included the then-unpublicized Taiwanese deal or not.


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.
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.


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 Federal Government of Iraq recently resumed the export of Kirkuk oil to Turkey’s Ceyhan port through the Kurdistan Region’s pipeline which had been 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/c889eeb6-bbd3-4a61-af3e-7a08c7e1dfbc
Back to top Go down
View user profile
 
Taiwanese company signs contract with Iraq to replace oil from Iran
Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS-
Post new topic   Reply to topicJump to: