Home
Iraqi Oil Minister offers two proposals to address the decline in world prices
1/19/2015
Twilight News / ft Iraqi Oil Minister Adel Abdul-Mahdi said they were proposing to deal with falling oil prices in global markets. He wrote Abdul-Mahdi on his page in the "Facebook", "to address the decline in oil prices, there are two proposals: the first to leave prices fall to an end with him out of the market every marginal producers who need to price oil high to continue their production, and thus get rid of (OPEC) of surplus without loss of one barrel of market share. The second is that the (OPEC) to reduce the 5 per cent of its production, equivalent to about 1.5 million barrels per day. The Mahdi said during a joint press conference with Turkish Energy Minister Taner Yildiz in Baghdad yesterday that "Iraq's oil exports last month close to three million barrels per day, including the source through Sumo from the port of Ceyhan," adding that "production will reach four million barrels per day during the current year after the recent agreement with Kurdistan. Abdul-Mahdi said that "This is a historic figure and is happening for the first time," adding that "Iraq has made great efforts and invested large sums of money to get to this number. It is said that global oil prices have seen a significant decrease is the first of its kind in five years, causing damage to many countries, including Iraq.
[You must be registered and logged in to see this link.]
1/19/2015
Twilight News / ft Iraqi Oil Minister Adel Abdul-Mahdi said they were proposing to deal with falling oil prices in global markets. He wrote Abdul-Mahdi on his page in the "Facebook", "to address the decline in oil prices, there are two proposals: the first to leave prices fall to an end with him out of the market every marginal producers who need to price oil high to continue their production, and thus get rid of (OPEC) of surplus without loss of one barrel of market share. The second is that the (OPEC) to reduce the 5 per cent of its production, equivalent to about 1.5 million barrels per day. The Mahdi said during a joint press conference with Turkish Energy Minister Taner Yildiz in Baghdad yesterday that "Iraq's oil exports last month close to three million barrels per day, including the source through Sumo from the port of Ceyhan," adding that "production will reach four million barrels per day during the current year after the recent agreement with Kurdistan. Abdul-Mahdi said that "This is a historic figure and is happening for the first time," adding that "Iraq has made great efforts and invested large sums of money to get to this number. It is said that global oil prices have seen a significant decrease is the first of its kind in five years, causing damage to many countries, including Iraq.
[You must be registered and logged in to see this link.]
