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Wednesday, March 12, 2014 19:50
OPEC enhance Tkhmonadtha with high output levels to Iraq was not offered since 1980
BAGHDAD / translation Baghdadi News / .. OPEC boosted its outlook on the volumes of crude oil, which will be provided by the market this year, while fueling the economic recovery, the global fuel consumption with the arrival of Iraq's second-largest member of OPEC production to levels not received since 1980. According to the sentiments, Wednesday, Bloomberg British site.
OPEC is responsible for 40 percent of the oil supply in the world, saying that "the members of the 12 needed to produce an average of 29.7 million barrels a day this year, more than the 100 000 barrels per day is expected for the last month."
Iraqi production jumped to 400 000 barrels a day to become 3.4 million barrels per day in February, the highest level reached by the since 1980, according to OPEC data.
The data OPEC that the total production of the Organization amounted to 30.1 million barrels a day in February, the highest level of production since August of 2013, where Awad Iraq decline productive to Libya and Saudi Arabia, which is in line with the goal of the organization of collective access to 30 million barrels per day.
The twelve members of the Organization of Petroleum Exporting Countries will meet in next June in Vienna to discuss production targets in the next phase. Finished
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OPEC enhance Tkhmonadtha with high output levels to Iraq was not offered since 1980
BAGHDAD / translation Baghdadi News / .. OPEC boosted its outlook on the volumes of crude oil, which will be provided by the market this year, while fueling the economic recovery, the global fuel consumption with the arrival of Iraq's second-largest member of OPEC production to levels not received since 1980. According to the sentiments, Wednesday, Bloomberg British site.
OPEC is responsible for 40 percent of the oil supply in the world, saying that "the members of the 12 needed to produce an average of 29.7 million barrels a day this year, more than the 100 000 barrels per day is expected for the last month."
Iraqi production jumped to 400 000 barrels a day to become 3.4 million barrels per day in February, the highest level reached by the since 1980, according to OPEC data.
The data OPEC that the total production of the Organization amounted to 30.1 million barrels a day in February, the highest level of production since August of 2013, where Awad Iraq decline productive to Libya and Saudi Arabia, which is in line with the goal of the organization of collective access to 30 million barrels per day.
The twelve members of the Organization of Petroleum Exporting Countries will meet in next June in Vienna to discuss production targets in the next phase. Finished
[You must be registered and logged in to see this link.]
