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Iraqi Gov't is to double oil production to 9 million barrels DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraqi Gov't is to double oil production to 9 million barrels

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Iraqi Gov't is to double oil production to 9 million barrels Empty Iraqi Gov't is to double oil production to 9 million barrels

Post by Ponee Sun Jan 04, 2015 12:58 pm

Iraqi Gov't is to double oil production to 9 million barrels 405284771

BAGHDAD - Iraq Press -  Senior Advisor saw in the Council of Ministers, Thamer Ghadhban, it is necessary to reconsider the Iraq oil plans to double production to around nine million barrels per day by 2020. He said Ghadhban's / Iraq Press / "The current situation is paid to wait in the review and monitor the oil market closely, especially as there are indications that oil prices could rebound exit shale oil from the market because the current price does not make production profitable and the decision of many oil companies including where major companies to reduce investment spending in 2015, thereby reducing the supply and increasing demand, particularly on the cheap oils such as Iraq's oil production. " Returned "to falling oil prices, a positive side to pay the government to look for other sources of income supply the the State Treasury to develop other sectors of the economy and increase tax revenues and fees as well as the reduction of government spending and pressure expenses and the reduction of import is necessary as part of austerity policy dictated by the stage," asserting that " 2015 will be a difficult year for oil-dependent countries budgets on oil revenues, such as Iraq. " He pointed out that "The new year will see big changes for the better implementation of programs drawn up eight years ago to develop the government administration, including improving the work environment and the fight against corruption and reducing bureaucracy and red tape and encouraging investment." Admiral ended

  http://goo.gl/iQQanb

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