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Iraq will reach  production to four million barrels per day to compensate for the drop in prices losses DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq will reach production to four million barrels per day to compensate for the drop in prices losses

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Iraq will reach  production to four million barrels per day to compensate for the drop in prices losses Empty Iraq will reach production to four million barrels per day to compensate for the drop in prices losses

Post by Ponee Mon Jan 19, 2015 9:54 am

Iraq will reach  production to four million barrels per day to compensate for the drop in prices losses Story_img_54bccaac1989e


{Baghdad: Euphrates News} Oil Minister Adel Abdul-Mahdi said that Iraq's oil output will reach "historic figure", and as pointed out that production will reach four million barrels per day, he stressed that "this increase will help offset the decline in oil prices.


Said Abdul-Mahdi said in a statement received by the agency {Euphrates News} Monday, "The" Iraq's oil exports last month approached the three million barrels per day, including the source through Sumo from the port of Ceyhan, "adding that" production will reach four million barrels daily during the current year after the last with the Kurdistan agreement, "expected" to see the second half or the last of this year a surge in oil prices, "and expressed" his belief not to return prices to what it was during the past years. " He added that "This is a historic figure occurs for the first time,

"stressing that" Iraq has made ​​great efforts and invested large sums of money to get to this number. " He said the oil minister to "increase oil production volume will help offset the decline in oil prices," expected to "Iraq's export volume to be at a rate of 3.3 million barrels . " and that "the oil ministry had proposed building a public budget based on $ 60 per barrel," noting that "it was a good estimate based on market conditions before they reach the prices to the bottom." He pointed out Abdul-Mahdi, that "the price may not go back to what it was during the past years, "pointing at the same time that" oil prices will begin to rise gradually after the second half or the last of the year is a slow but growing rapidly. "

It is noteworthy that world oil prices have seen a significant decrease is the first of its kind in five years, causing damage to many countries, including Alarac.anthy

2015-01-19
http://wwww.alforatnews.com/modules/news/article.php?storyid=74681


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Post by Ponee Mon Jan 19, 2015 9:55 am

Oil Minister: Iraq's oil production will reach four million barrels per day
 
Iraq will reach  production to four million barrels per day to compensate for the drop in prices losses 13368

Oil Minister Adel Abdul Mahdi



Tomorrow Press / Baghdad: Oil Minister Adel Abdul Mahdi, on Monday that Iraq's oil production will reach four million barrels per day, to compensate for the drop in oil prices in world markets.


Said Abdul-Mahdi, in a joint press conference with his Turkish counterpart Taner Yildiz, on Sunday evening, attended by "tomorrow Press" that, "Iraq has made great efforts and invested large sums of money to get to the rate of four million barrels of production," adding that "to increase oil production volume will help offset the decline in oil prices, especially since it is expected that the size of Iraq's exports of up to 3.3 million barrels. "


"The Oil Ministry had proposed building a public budget based on $ 60 per barrel, and that a good estimate based on market conditions before they reach prices to bottom."
For his part, Minister of Oil Turkey, Taner Yildiz during the conference that "there is a new agreement to provide electrical power to the province of Basra over the buoy," adding that "Iraq is ranked second in the Turkish exports and oil Kirkuk passing through belongs to the Iraqi people Collect Ceyhan line."


And experiencing many countries in the world economic crisis, as a result of falling oil prices, the global stock market, prompting Prime Minister Haider al-Abadi, to call the House of Representatives, to reduce the budget again, and not to bring it back to the government, especially after the decline last puff on oil prices, which reached according Global stock to $ 48 per barrel, after it was $ 110.


Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran elder with Iraq at a lower price, as a result, the Iraqi government was forced to announce, an austere operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Cabinet salaries 50%.


The Council of Ministers approved in its regular, in 23 of the current December, the budget bill and sent it to Parliament for formal approval, pointing out that the budget approved B123. -



2015-01-19

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Post by BritishBulldog Mon Jan 19, 2015 1:29 pm

They can do whatrver they like...as long as I can keep filling up my 5.7L  Charger for less than $40...I'm in!!!!
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