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Iraq, Saudi smashes record export three million barrels per day
28 2015 | 04:48
Translation / .. dealt with major official economic sites such as "Bloomberg Bazenz" and "Forbes" declaration of Iraq's intention to increase its oil production next month for up to three million barrels a day of special interest and met resonate widely in all economic forums around the world in what is a precedent of its kind, where Deputy Oil Minister Fayyad grace declared that Iraq would arrive within the next month to achieve the desired goal of exporting oil by three million barrels per day, an increase of production at 26%.
The announcement of grace Bmthanh warning to world markets the fact that Iraq will top the next month export the oil market, OPEC, Saudi Arabia, where he will break the historical record in the biggest amount of export of oil in the world.
It is worth mentioning that there is an atmosphere of optimism and extreme caution by OPEC and global market in the words of the website "Forbes" of Iraqi oil control on the export market the fact that flooding the market with oil may cause a reduction in world oil prices to unprecedented levels, which could threaten the position of the rest of the Petroleum Exporting Countries oil within OPEC, which may have to reduce its production and export of oil to conform with the large increase in the Iraqi export ratios.
The great optimism in the words of grace that Iraq's decision will significantly help OPEC achieve its goal to reach the export of oil by the year thirty million barrels per day.
Economic analyzes for specialists also dealt with the nature of the data that has made Iraqi oil in place of superior and the location of the optimism of the followers as the cost of Iraqi oil extract very low compared to other countries amounts to nearly five dollars just to extract a barrel, and at the same time, the political situation is currently stable never affect on the amounts of Iraqi oil exports, where the largest oil reserves of Iraq in the south, which is relatively stable is located, and the internal conditions of the most competitive countries for Iraq to export oil market have made them unable to rival Iran is, for example, suffer from international sanctions limit the export of oil, Libya ratios on the other side under pressure from domestic political fluctuations which also Ahdt of its production and export of oil ratios to remain in the competition only Gulf Arab states that do not have oil reserves comparable to the Iraqi except Saudi Arabia, and now destroy Iraq record high in production rates and export is expected Iraqi oil dominate the export market and product OPEC. It ended 12
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28 2015 | 04:48
Translation / .. dealt with major official economic sites such as "Bloomberg Bazenz" and "Forbes" declaration of Iraq's intention to increase its oil production next month for up to three million barrels a day of special interest and met resonate widely in all economic forums around the world in what is a precedent of its kind, where Deputy Oil Minister Fayyad grace declared that Iraq would arrive within the next month to achieve the desired goal of exporting oil by three million barrels per day, an increase of production at 26%.
The announcement of grace Bmthanh warning to world markets the fact that Iraq will top the next month export the oil market, OPEC, Saudi Arabia, where he will break the historical record in the biggest amount of export of oil in the world.
It is worth mentioning that there is an atmosphere of optimism and extreme caution by OPEC and global market in the words of the website "Forbes" of Iraqi oil control on the export market the fact that flooding the market with oil may cause a reduction in world oil prices to unprecedented levels, which could threaten the position of the rest of the Petroleum Exporting Countries oil within OPEC, which may have to reduce its production and export of oil to conform with the large increase in the Iraqi export ratios.
The great optimism in the words of grace that Iraq's decision will significantly help OPEC achieve its goal to reach the export of oil by the year thirty million barrels per day.
Economic analyzes for specialists also dealt with the nature of the data that has made Iraqi oil in place of superior and the location of the optimism of the followers as the cost of Iraqi oil extract very low compared to other countries amounts to nearly five dollars just to extract a barrel, and at the same time, the political situation is currently stable never affect on the amounts of Iraqi oil exports, where the largest oil reserves of Iraq in the south, which is relatively stable is located, and the internal conditions of the most competitive countries for Iraq to export oil market have made them unable to rival Iran is, for example, suffer from international sanctions limit the export of oil, Libya ratios on the other side under pressure from domestic political fluctuations which also Ahdt of its production and export of oil ratios to remain in the competition only Gulf Arab states that do not have oil reserves comparable to the Iraqi except Saudi Arabia, and now destroy Iraq record high in production rates and export is expected Iraqi oil dominate the export market and product OPEC. It ended 12
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