Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS

Page 3 of 3 Previous  1, 2, 3

Go down

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 Empty 2.1 billion dollars, Iraq’s revenues during the month of May, from selling 99.5 million barrels

Post by claud39 on Wed Jun 24, 2020 10:24 am

 2.1 billion dollars, Iraq’s revenues during the month of May, from selling 99.5 million barrels


06/24/2020





IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 2499







Economy News - Baghdad:

Today, the Ministry of Oil announced that it has achieved 2.1 billion dollars in selling 99.5 million barrels during the month of May.

"The amount of exports of crude oil reached 99.5 million barrels, while revenues amounted to 2.12 billion dollars," the ministry said in a press release.

She emphasized that the total quantities of exported crude oil for the past month of oil fields in central and southern Iraq amounted to 96 million barrels, while the quantities exported from Kirkuk oil through the port of Ceyhan were 3.5 million barrels .

She explained that the average price per barrel was (21,450) dollars .






claud39
VIP Member
VIP Member

Posts : 14902
Join date : 2018-11-04

Back to top Go down

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 Empty SOMO: Chinese companies are the most buying Iraqi oil for May

Post by claud39 on Thu Jun 25, 2020 10:46 am

SOMO: Chinese companies are the most buying Iraqi oil for May




25/06/2020





IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 21644





Economy News _ Baghdad



The Iraqi Oil Marketing Company "SOMO" announced, Thursday, that the Chinese oil companies were the most buying Iraqi oil during last May.

"Sumo" stated in an official statistic published on its official website and seen by "The Economy News", that "Chinese companies were the most numerous among other international companies buying Iraqi oil and by 8 companies out of 32 companies that bought Iraqi oil during the month of May."

She added, "The Indian companies came in second place with 6 companies, followed by Russian companies with 3 companies and then Greek, Italian, American and Turkish companies with two companies for each of them." for each one of them".

She added, "It depends on selling Iraqi oil on the main criteria for contracting with the major international oil companies, independent and government integrated vertically." .







claud39
claud39
VIP Member
VIP Member

Posts : 14902
Join date : 2018-11-04

Back to top Go down

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 Empty The Ministry of Oil: is committed to the OPEC + agreement and we will address the "failures" of licensing rounds

Post by claud39 on Sun Jun 28, 2020 10:56 am

The Ministry of Oil: is committed to the OPEC + agreement and we will address the "failures" of licensing rounds


28/06/2020


IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 21694




Economy News - Baghdad





Oil Minister Ihsan Abdul-Jabbar affirmed Iraq’s commitment to the OPEC + agreement to cut production, while revealing the ministry’s intention to address the “failures” of the licensing rounds. 

Abdul Jabbar said in a statement reported by the official "Al-Sabah" newspaper and seen by "Al-Iqtisad News", that "the ministry set three basic goals for oil policy and its development in the country, which included reducing the cost of producing a barrel of oil, investing oil fields with a low cost of a barrel of oil, and with a market value The high oil produced includes light oils in order to achieve the highest financial revenues for the country, and (the second goal) is to intensify the investment process in the field of gas investment, and is to accelerate the procedures for investing gas in Basra Gas Company, especially the Basra Gas Production Factor (NGL), the first and second stage, and accelerate In the procedures for completing gas collection projects in the Basra Oil Company, as well as amending the status of all gas investment projects, including (the Artawi Gas Project in Basra and the Nasiriyah, Akkaz and Mansuriya Gas Project).

He pointed out that "the third goal in oil policy is to reassess the liquidation capacities in Iraqi refineries and prepare them to reach the safe design capacities, as well as end investment licenses for incompetent companies, and go toward amending the refineries law in order to achieve the desired goals in dealing with real investors in the field of refineries."

The minister emphasized that "licensing rounds are not a bad experience, although they witnessed failures at a certain stage, but they contributed to developing the oil industry in the country and increasing the country's ability in production and export operations and training Iraqi cadres, and there are some observations that we are working to address."

He stressed that "the ministry has a vision to open the door to negotiation with companies and has begun studying some oil contracts, and the ministry is heading to conduct a review of oil fields with high production costs (and does the interest require staying on these contracts or going towards the amendment, or may these contracts be stopped or canceled with Companies), all of that is being discussed and studied to deal with service companies that work with Iraq to develop production in the oil fields, and there is an evaluation and re-review of some of these contracts, not all of them. "

And on the possibility of increasing the price of a barrel of oil sold to refineries to supplement the state treasury with additional resources, the minister stated that "the proposal is still under discussion and not necessarily going forward with this proposal and its implementation, and the ministry is working on studying the economic feasibility before taking any decision in this regard."

He continued that "the interest of Iraq to continue to cooperate with the Organization of Petroleum Exporting Countries (OPEC +), and work together to raise the market value of oil wealth", and added that "the ministry is committed to the timing of times that were agreed upon for the remaining months of this year by the OPEC agreement, and large quantities were reduced Of oil in the fields of the southern and central regions in implementation of these obligations. "

The minister added that "the dialogues are continuing with the region, and emphasizing the need for the region to adhere to the determinants and decisions of OPEC, and that the region's production of oil not exceed 370 thousand barrels per day."

He explained that "discussions are continuing with the aim of restoring the relationship between the center and the region, and that all oil fields in the country are subject to one oil policy, and wealth management within the federal policy, taking into account the rights of the region stipulated in the Iraqi constitution."

He revealed that "the Ministry of Oil is currently working on the implementation of two large projects, the first project is to extend the third marine export pipeline, in which the completion rates reached 85 percent, despite the obstacles that occurred with the executing company and that were overlooked by withdrawing work from the executing company by mutual consent. Basra Oil Company to refer the project to another company to complete work on the project and implement it according to the specified times and schedules. "

He added that "the second project is the implementation of the fourth and fifth marine pipeline with the creation of an additional loading platform with direct management by Basra Petroleum Company, and the consulting company is the Italian ENI, and is currently in the stage of completing the purchase of long-term materials, and the implementation of the project will be announced within months The next four, "noting that" the ministry has a clear plan to increase Iraq's export capabilities by completing the implementation of the marine export pipeline network. "

On the Corona crisis in the country, the Minister of Oil instructed the Basra oil companies, Iraqi refineries in the south and pits to provide urgent assistance to health authorities in each of the governorates of Basra and Dhi Qar, and to provide health and treatment supplies necessary to face the crisis of the outbreak of the Corona virus (Covid 19).

Abdel-Jabbar said: "He directed the opening and operation of the new Bab Al-Zubair oxygen plant, which was completed in a record period with the aim of providing hospitals, health centers and citizens in Basra, Maysan and Dhi Qar province with this necessary, vital and important material, especially for those infected with Coronavirus, in order to alleviate their suffering and expedite their treatment. ".

The minister pointed out that "the production capacity of this plant is (50 cubic meters per hour), that is, the rate of production (155 cylinders) with a capacity (8 cubic meters)," noting that "operating another oxygen production plant in Al-Barjasiyah, where the educational hospital in Basra and the Gaza Strip has been equipped The health center in Dhi Qar has a number of oxygen cylinders to cover its needs. "





claud39
claud39
VIP Member
VIP Member

Posts : 14902
Join date : 2018-11-04

Back to top Go down

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 Empty Oil announces the outcome of Iraq for the month of June

Post by claud39 on Wed Jul 01, 2020 10:15 am

 Oil announces the outcome of Iraq for the month of June




01/01/2020



IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 19022



The Economy News - Baghdad



The Ministry of Oil announced, on Wednesday, the export of 84.4 million barrels, with revenues amounting to 2.8 billion dollars, during the month of June.

The spokesman of the ministry, Assem Jihad, said in a statement seen by Al-Iqtisad News, that "the total quantities of crude oil exported for the month of June from the oil fields in central and southern Iraq amounted to (81) million and (7) thousand and (675) barrels, As for the fields of Kirkuk through the port of Ceyhan, the exported quantities amounted to (3) millions and (482) thousand and (519) barrels.

Jihad added that "the total daily rate of exports amounted to (2) million and (816) thousand barrels, as the daily rate of export from Basra ports was (2) million (700) thousand barrels, and from Ceyhan the daily rate was (116) thousand barrels." .

And that "the average price per barrel was (33,864) dollars."





claud39
claud39
VIP Member
VIP Member

Posts : 14902
Join date : 2018-11-04

Back to top Go down

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 Empty Basra oil exports reduced by half in July

Post by claud39 on Wed Jul 01, 2020 10:16 am

Basra oil exports reduced by half in July




07/01/2020



IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 17259







The Economy News - Baghdad



Loading programs from a shipping agent stated that Iraq will reduce its oil exports from Basra Light and Heavy in July to 1.53 million barrels per day from 3.1 million barrels per day in June in compliance with OPEC + production cuts.

Basra Light crude exports will shrink to about 817 thousand barrels per day in July from 2.24 million barrels per day in June, while Basra heavy exports will drop to about 710 thousand barrels per day from 833 thousand barrels per day in June.





claud39
claud39
VIP Member
VIP Member

Posts : 14902
Join date : 2018-11-04

Back to top Go down

IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 Empty Oil announces the filling of Iraq's need for liquid gas

Post by claud39 on Mon Jul 06, 2020 9:25 am

Oil announces the filling of Iraq's need for liquid gas


06/07/2020





IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS - Page 3 21794




Economy News _ Baghdad



The General Company for Gas Mobilization and Services of the Ministry of Oil announced on Monday that its production will meet the local need of the country, which has rates of up to 4,500 tons, while confirmed the increase in the number of wheels that installed gas systems instead of gasoline to 11 thousand wheels in conjunction with the high number of outlets for preparing them .

The company’s director, Ali Abdul Karim Al-Mousawi, said in an interview with the official Al-Sabah newspaper, which was viewed by Al-Iqtisad News.

Al-Musawi added, “The company's production of gas cylinders reaches 380,000 cylinders distributed among citizens through outlets, squares and mobile vendors despite the measures to impose a health ban, as there is a noticeable cooperation by the security services and ministries supporting to deliver the product to citizens smoothly and easily.”

He explained, "The company is also continuing to implement its plan to convert gasoline systems in the wheels to gas, especially as the purity ratio in the gas material prepared for the wheels reaches 110 percent and at a price of 200 dinars per liter, while the improved purity of gasoline reaches 85 percent and at a price of 850 dinars Per liter, stressing that gas prices in Iraq are supported, as well as that the systems that are installed by the company come within the international specifications.

Al-Musawi warned that "the company has a large workshop to install gas systems in the course and it works according to international specifications with the testimony of specialists and seeks to build workshops at the same level in the provinces of Basra, Najaf, Nineveh, in addition to the city of Fallujah", explaining that "the number of wheels is currently 11 A thousand wheels. There is a plan to completely transform the 80,000 government wheels. ” 







claud39
claud39
VIP Member
VIP Member

Posts : 14902
Join date : 2018-11-04

Back to top Go down

Page 3 of 3 Previous  1, 2, 3

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum