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Economist: The quantities of exported oil should increase and the government is responsible for coordination

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Economist: The quantities of exported oil should increase and the government is responsible for coordination Empty Economist: The quantities of exported oil should increase and the government is responsible for coordination

Post by claud39 Thu May 20, 2021 10:47 am

Economist: The quantities of exported oil should increase and the government is responsible for coordination


20/05/2021





Economist: The quantities of exported oil should increase and the government is responsible for coordination %D8%A7%D9%84%D9%86%D9%81%D8%B7-696x441










The information / Baghdad ..



The economic expert, Ihssan Al-Kinani, said, Thursday, that Iraq should export larger quantities of currently exported oil, through the government's agreement with OPEC, through a slight reduction in Saudi exports, which have the highest percentage in the exported quantities.



Al-Kinani said in a statement to "the information", that "Saudi Arabia, which is the largest oil exporter in the world, produced more than 8 million barrels per day last March, as the Iraqi government could go to OPEC in order to increase Iraq's oil exports at a time when Iraq can produce." More than 4 million barrels per day.



He added that " Iraq exports more than 3 million barrels per day, and these quantities are subject to increase in light of the Iraqi production capacity and the presence of many untapped oil wells."



Al-Kinani pointed out that "the responsibility rests with the government to approach OPEC and the Saudi side to reduce Riyadh's exports according to an agreement concluded between the two sides or set at a known time, in order to ensure that Iraq exports its oil in proportion to its daily production." 



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