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Signed a contract establishing the Basra gas company next week
08/06/2011
Oil underlines only justification to increase OPEC production «» raw
Baghdad Basra, Saad al-Samak
With oil Ministry confirmed that the current price of crude oil higher than you must not and world market indices, Gulf intends to increase production to lower prices, meanwhile, confirmed South gas company that next week will witness the signing of a gas company. "” “ Reuters oil minister Abdel Karim alaibi as saying: the world oil markets receive supplies good and there is no reason to increase OPEC production ” to “. complexity of the Organization of petroleum exporting countries OPEC ” “ a meeting in Vienna today to discuss the price of raw Which supported Saudi Arabia and other Gulf producers to increase output to bring prices ranging from 100 to 120 dollars per barrel. Would said at a news conference that the current level of oil prices is higher than required and oil market indicators recently regarding the stocks and supplies good and have good before, preferring to keep prices in the current scope and refrain from commenting on whether OPEC would raise “ see ” production ceiling at a meeting Wednesday but said Iraq not covered by the quota system to increase its exports, Iraq aspires to increase exports to 2 million and 500,000 bpd increase To 300,000 barrels per day from current levels. Iraq expects to increase oil reserves and add some resources from Kurdistan to total national reserve, pointing out that the Ministry would soon increase in proven reserves at the level of raw., in the South of Basra gas company to the next few days will witness the signing of a gas company was founded in Ankara, Basra, upheavals of conflicting reports thereon to the company's non-receipt of a direction from the Ministry of oil to Turkey. source revealed in particular by the “ ” morning Oil officials instructed South gas company and get ready to leave for Ankara to gas company signed a contract with shell Basra “. ” and South gas was extensively discussed all legal and administrative procedures that would sign the contract without delay, indicating he was supposed to sign this contract in Turkey only last week that his company had not received a direction from the oil Ministry was foreign media have reported a news story last week that this week will sign a contract in Turkey With a “ shell ” to Basra gas company, quoting oil Ministry official. However, the oil Ministry official source stated in a permit for that contract ” ” morning be signed and which has been delayed for more than five times because of disagreement with the legal texts have not materialized “ currently ”, likely postponed to another time.
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08/06/2011
Oil underlines only justification to increase OPEC production «» raw
Baghdad Basra, Saad al-Samak
With oil Ministry confirmed that the current price of crude oil higher than you must not and world market indices, Gulf intends to increase production to lower prices, meanwhile, confirmed South gas company that next week will witness the signing of a gas company. "” “ Reuters oil minister Abdel Karim alaibi as saying: the world oil markets receive supplies good and there is no reason to increase OPEC production ” to “. complexity of the Organization of petroleum exporting countries OPEC ” “ a meeting in Vienna today to discuss the price of raw Which supported Saudi Arabia and other Gulf producers to increase output to bring prices ranging from 100 to 120 dollars per barrel. Would said at a news conference that the current level of oil prices is higher than required and oil market indicators recently regarding the stocks and supplies good and have good before, preferring to keep prices in the current scope and refrain from commenting on whether OPEC would raise “ see ” production ceiling at a meeting Wednesday but said Iraq not covered by the quota system to increase its exports, Iraq aspires to increase exports to 2 million and 500,000 bpd increase To 300,000 barrels per day from current levels. Iraq expects to increase oil reserves and add some resources from Kurdistan to total national reserve, pointing out that the Ministry would soon increase in proven reserves at the level of raw., in the South of Basra gas company to the next few days will witness the signing of a gas company was founded in Ankara, Basra, upheavals of conflicting reports thereon to the company's non-receipt of a direction from the Ministry of oil to Turkey. source revealed in particular by the “ ” morning Oil officials instructed South gas company and get ready to leave for Ankara to gas company signed a contract with shell Basra “. ” and South gas was extensively discussed all legal and administrative procedures that would sign the contract without delay, indicating he was supposed to sign this contract in Turkey only last week that his company had not received a direction from the oil Ministry was foreign media have reported a news story last week that this week will sign a contract in Turkey With a “ shell ” to Basra gas company, quoting oil Ministry official. However, the oil Ministry official source stated in a permit for that contract ” ” morning be signed and which has been delayed for more than five times because of disagreement with the legal texts have not materialized “ currently ”, likely postponed to another time.
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