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Iraq denies Saudi demand to provide crude oil DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq denies Saudi demand to provide crude oil

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Iraq denies Saudi demand to provide crude oil Empty Iraq denies Saudi demand to provide crude oil

Post by claud39 Fri Sep 20, 2019 7:07 am

Iraq denies Saudi demand to provide crude oil


Iraq denies Saudi demand to provide crude oil Rc_156895906499_23

The National Oil Marketing Company (SOMO), affiliated to the Iraqi Oil Ministry, denied on Thursday the news of Saudi Arabia's request to provide 20 million barrels of Iraqi crude oil after targeting Aramco oil facilities in Abqaiq and Khurais.

The Iraqi media quoted the director of public relations and media in the company, Haider al-Kaabi, as saying that 'the oil marketing company categorically denies Saudi Arabia's request to Iraq to provide crude oil'.

The website of the Wall Street newspaper reported on Thursday that Saudi Arabia had contacted Iraq in an attempt to make up for the oil shortage caused by the attack on Aramco, a charge denied by the Iraqi National Oil Company.

Saudi Aramco's factories have been attacked by a terrorist attack, leading to a shortage of oil before Saudi Energy Minister Prince Abdulaziz bin Salman said in a press conference in Jeddah on Tuesday that 'Saudi oil supplies have returned to their levels before the attack on Aramco facilities'. He stressed to the 'Arab' that there is no urgent meeting of OPEC.

He added that Saudi Aramco is ready to offer its shares regardless of the effects of blatant aggression, pointing out that the effects of this aggression extend to the global energy markets and increase the pessimistic view on the prospects for the growth of the global economy.

Prince Abdulaziz bin Salman, said that 'Saudi oil exports, and income from these exports for the current month will not be affected by the attacks'.

He stressed that Saudi Aramco 'will fulfill its full obligations with its customers in the world this month through stocks, and through the adjustment of some types of mix, with the Kingdom's capacity to produce 11 million barrels of oil per day by the end of September, and to 12 million barrels per day Next November '.

He added that oil production will reach 9.89 million barrels per day in October, stressing that Saudi Arabia will maintain its role as a safe supplier of global oil markets.

He also stressed that the local market supply has not been affected after the aggression, stressing that the attack is targeting the global energy market and not only Saudi Arabia.

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