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OPEC announced on Thursday its willingness to accommodate the increases in oil production coming from Iran, Iraq, Libya, and indicated that it will discuss the limits of oil production in the year 2015, with an eye to the producers and consumers "happy" to oil prices, which reached more than one hundred dollars per barrel.
The Secretary General of the Organization of Petroleum Exporting Countries, OPEC Abdullah al-Badri during a press statement transfer site Bloomberg economic news and seen by the (long-Presse), said that "OPEC blocking 40% of the needs of the world's oil, will absorb quantities of additional oil produced from the Member States, Iraq, Iran, Libya ".
He said al-Badri that "OPEC will consider while by 2015, to discuss the limits of oil production that Iraq seeks to achieve where he is currently outside the scope of the quota system, which determines the production ceiling top of each Member State of the Organization and the 11-member", adding that "OPEC will see increases production coming from Iraq, Iran, Libya enjoyed with the possibility of strengthening the production rate of one million barrels during the month. "
He Badri "There is no problem for OPEC to accommodate any increase in production coming from Iraq and Iran during the year 2014," explaining that "the organization did not allow her yet to determine how to deal with increases production potential of Iraq, Iran and Libya, but we will discuss it when the need arises ".
Badri pointed out that "the rate of production of OPEC is considered moderate this year and that producers and consumers are happy with current oil prices, which stood at the price of $ 103.16 a barrel as OPEC basket price of crude oil on Tuesday."
Referred to as the OPEC seeks to boost production with the achievement of the second-biggest producer, where the production rates Iraq, which is the highest in 35 years, as well as the Libyan government to make progress in talks with the rebels who control the oil fields and export facilities where the east of the country.
OPEC plans to meet on June 11 in Vienna to review production ceilings that limit now stands at 30 million barrels per day.
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The Secretary General of the Organization of Petroleum Exporting Countries, OPEC Abdullah al-Badri during a press statement transfer site Bloomberg economic news and seen by the (long-Presse), said that "OPEC blocking 40% of the needs of the world's oil, will absorb quantities of additional oil produced from the Member States, Iraq, Iran, Libya ".
He said al-Badri that "OPEC will consider while by 2015, to discuss the limits of oil production that Iraq seeks to achieve where he is currently outside the scope of the quota system, which determines the production ceiling top of each Member State of the Organization and the 11-member", adding that "OPEC will see increases production coming from Iraq, Iran, Libya enjoyed with the possibility of strengthening the production rate of one million barrels during the month. "
He Badri "There is no problem for OPEC to accommodate any increase in production coming from Iraq and Iran during the year 2014," explaining that "the organization did not allow her yet to determine how to deal with increases production potential of Iraq, Iran and Libya, but we will discuss it when the need arises ".
Badri pointed out that "the rate of production of OPEC is considered moderate this year and that producers and consumers are happy with current oil prices, which stood at the price of $ 103.16 a barrel as OPEC basket price of crude oil on Tuesday."
Referred to as the OPEC seeks to boost production with the achievement of the second-biggest producer, where the production rates Iraq, which is the highest in 35 years, as well as the Libyan government to make progress in talks with the rebels who control the oil fields and export facilities where the east of the country.
OPEC plans to meet on June 11 in Vienna to review production ceilings that limit now stands at 30 million barrels per day.
[You must be registered and logged in to see this link.]
