Industry cuts black oil prices for cement plant
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Industry cuts black oil prices for cement plant
https://www.alghadpress.com/news/%D8%A7%D9%87%D9%85-%D8%A7%D9%84%D8%A7%D8%AE%D8%A8%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/186481/%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%AA%D8%AE%D9%81%D8%B6-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%A7%D8%B3%D9%88%D8%AF-%D8%A7%D9%84%D9%85%D8%AC%D9%87%D8%B2-%D9%84%D9%85%D8%B9%D8%A7%D9%85%D9%84-%D8%B4%D8%B1%D9%83%D8%A9
Industry cuts black oil prices for cement plant

BAGHDAD (Reuters) -
The Iraqi General Company for Cement, one of the companies of the Ministry of Industry and Minerals, announced on Thursday a decision by the Council of Ministers to reduce the prices of black oil supplied to the company's plants to 100 dinars per liter instead of 150 dinars, Effective 1 February 2019.
In a statement received by Al-Ghad Press, the director general of the company, Hussein Mohsen Al-Khafaji, said: "This decision is the result of continuous efforts and follow-up and continuous official demand during meetings and meetings with the Ministerial Energy Committee and the submission of reports with documents and figures on the damage and economic losses resulting from this increase in oil prices The negative impact on the local cement industry, pointing out that this reduction will avoid the company and its losses large losses exceeded last year up to (20) billion dinars because of the increase in prices since the beginning of last year 2018.
He added that "reducing the prices of black oil supplied to the plants will contribute to support the movement of construction and reconstruction and the citizen in particular because the reduction would be reflected on the decline in prices of cement, which is the basic material in the construction needed by the country, especially in the reconstruction of liberated cities."
Al-Khafaji said that "the decision to restore the price of black oil as it was previously a strong marketing boost to the return of local competition and gives an incentive to the cadres of cement plants to start again to increase and multiply production and move forward to continue to fill the market need and maintain the acceptability of subsidized prices."
Industry cuts black oil prices for cement plant

BAGHDAD (Reuters) -
The Iraqi General Company for Cement, one of the companies of the Ministry of Industry and Minerals, announced on Thursday a decision by the Council of Ministers to reduce the prices of black oil supplied to the company's plants to 100 dinars per liter instead of 150 dinars, Effective 1 February 2019.
In a statement received by Al-Ghad Press, the director general of the company, Hussein Mohsen Al-Khafaji, said: "This decision is the result of continuous efforts and follow-up and continuous official demand during meetings and meetings with the Ministerial Energy Committee and the submission of reports with documents and figures on the damage and economic losses resulting from this increase in oil prices The negative impact on the local cement industry, pointing out that this reduction will avoid the company and its losses large losses exceeded last year up to (20) billion dinars because of the increase in prices since the beginning of last year 2018.
He added that "reducing the prices of black oil supplied to the plants will contribute to support the movement of construction and reconstruction and the citizen in particular because the reduction would be reflected on the decline in prices of cement, which is the basic material in the construction needed by the country, especially in the reconstruction of liberated cities."
Al-Khafaji said that "the decision to restore the price of black oil as it was previously a strong marketing boost to the return of local competition and gives an incentive to the cadres of cement plants to start again to increase and multiply production and move forward to continue to fill the market need and maintain the acceptability of subsidized prices."
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04

» 25 billion losses of government cement plants due to high prices of black oil
» «Iraqi Cement» announces a 'valuable' investment opportunity in the cement plant Najaf
» China Wins Contract for $246m Cement Plant
» China's CMEC to build cement plant in Iraq
» Najaf cement plant markets 17,000 tons during the month of March
» «Iraqi Cement» announces a 'valuable' investment opportunity in the cement plant Najaf
» China Wins Contract for $246m Cement Plant
» China's CMEC to build cement plant in Iraq
» Najaf cement plant markets 17,000 tons during the month of March
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad
» CBI sold +3$ billion in forex in May
» Finance agrees with the World Bank to help Iraq by activating the General Authority for Taxes
» Central Bank Governor: The Iraqi banking sector is witnessing development and openness to the outside
» The Central Bank prevents Visa and Master card holders from giving them to any party
» Al-Kazemi’s advisor identifies the reasons for the failure to approve the final accounts since 2012