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Abdul-Mahdi in OPEC: Iraq vector towards increasing oil production
BAGHDAD / .. Oil Minister Adel Abdul Mahdi, on Thursday, on Iraq sought to increase its production, calling giant to invest their funds in Iraq's oil companies.
He stressed Abdul-Mahdi, while attending the OPEC conference, according to a statement "Eye Iraq News" received a copy of it, on the need to adhere to the price set for oil, and to support crude prices declining by excess market supply block, expected rise in Iraq's oil production in 2015.
He said Abdul-Mahdi is expected that the participants agree on the obligation of States to production quotas established previously, indicating that the bind of Petroleum Exporting Countries to withhold excess supplies on the market will ensure control of the conflict at market prices.
Abdul-Mahdi, and pointed to the need for Iraq to huge investments at facilities such as ports, pipelines and storage facilities, combined with the development of oil extraction facilities.
This began Organization of Petroleum Exporting Countries (OPEC) meeting on Thursday in the Austrian capital Vienna with the participation of Iraq.
The "OPEC" organization, which was founded in Baghdad in 1960 by agreement between the five countries are Saudi Arabia, Iran, Iraq, Kuwait, Venezuela, and is headquartered in Vienna, one of the largest supervising international organizations to regulate the export of oil and set the prices, and has a current membership of 12 oil exporter, has collectively between two-thirds and three-quarters of global oil reserves.
This meeting comes at a time when oil prices have steadily deteriorated since last June.
And Iraq, which has affected export of crude oil, about 2.9 million barrels of lower prices, which amounted to about $ 73.70 per barrel, according to the organization prices up on Wednesday.
Fell twelve profits Member State in OPEC (Iraq, Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Iran, Nigeria, Libya, Angola, Algeria, Ecuador, and Venezuela) These combined nations produce more than one-third of the world's crude, is also available on the large proportions of oil reserves. / finished 4
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BAGHDAD / .. Oil Minister Adel Abdul Mahdi, on Thursday, on Iraq sought to increase its production, calling giant to invest their funds in Iraq's oil companies.
He stressed Abdul-Mahdi, while attending the OPEC conference, according to a statement "Eye Iraq News" received a copy of it, on the need to adhere to the price set for oil, and to support crude prices declining by excess market supply block, expected rise in Iraq's oil production in 2015.
He said Abdul-Mahdi is expected that the participants agree on the obligation of States to production quotas established previously, indicating that the bind of Petroleum Exporting Countries to withhold excess supplies on the market will ensure control of the conflict at market prices.
Abdul-Mahdi, and pointed to the need for Iraq to huge investments at facilities such as ports, pipelines and storage facilities, combined with the development of oil extraction facilities.
This began Organization of Petroleum Exporting Countries (OPEC) meeting on Thursday in the Austrian capital Vienna with the participation of Iraq.
The "OPEC" organization, which was founded in Baghdad in 1960 by agreement between the five countries are Saudi Arabia, Iran, Iraq, Kuwait, Venezuela, and is headquartered in Vienna, one of the largest supervising international organizations to regulate the export of oil and set the prices, and has a current membership of 12 oil exporter, has collectively between two-thirds and three-quarters of global oil reserves.
This meeting comes at a time when oil prices have steadily deteriorated since last June.
And Iraq, which has affected export of crude oil, about 2.9 million barrels of lower prices, which amounted to about $ 73.70 per barrel, according to the organization prices up on Wednesday.
Fell twelve profits Member State in OPEC (Iraq, Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Iran, Nigeria, Libya, Angola, Algeria, Ecuador, and Venezuela) These combined nations produce more than one-third of the world's crude, is also available on the large proportions of oil reserves. / finished 4
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