Posts Tagged ‘iraqi oil’

Warnings of a “major setback” if the budget is calculated at $ 45 per barrel of oil

Warnings of a “major setback” if the budget is calculated at $ 45 per barrel of oil

2016-10 – 26

Warned oil expert Hamza Jeweler, Wednesday, of the consequences of the general budget for 2017 is calculated on the price of $ 45 per barrel of oil, pointing out that the estimated price is exaggerated and will display the country’s major economic setback.
The jeweler told / information /, “The budget is calculated on the basis of a price of $ 45 per barrel of oil is exaggerated and will display the country into a major financial and economic setback in the event of continuing decline in world oil prices,” adding that “Iraq is selling oil for less than eight dollars “.
He added Read more…

Consultant Abadi: we agreed to Kurdistan to export 150,000 barrels of oil a day from Kirkuk wells

Consultant Abadi: we agreed to Kurdistan to export 150,000 barrels of oil a day from Kirkuk wells

Sun, 04 Sep 2016 15:22:00

Appearance in favor of a financial advisor to the Prime Minister, on the details of the agreement between Baghdad and Erbil revealed during intensive meetings between the two delegations, noting that the meetings went agreement was described as “fair” about Kirkuk and the mechanism of salary distribution in this province between its members security and its affiliates in the civil departments.

Saleh said, ” the discussions that took place between the Prime Minister Haider al – Abadi and the delegation of the province resulted in the agreement Read more…

Urgent new Oil Minister: No difficulty of resolving the dispute with the province

Urgent new Oil Minister: No difficulty of resolving the dispute with the province

8.15.2016 12:48

[Oan- Baghdad]
new oil minister , Abdul – Jabbar Luaibi said, there was no difficulty in agreeing with the Kurdistan region. ”
The mention of coffee during a press conference held after the grant of confidence in the parliament session today and taking the oath was attended by the correspondent of the agency all of Iraq [where] “We are dealing with the region as part of Iraq, and there is no difficulty in order to find solutions Read more…

Oil issues in Iraq’s agreement with the IMF

Oil issues in Iraq’s agreement with the IMF

8/14/2016 0:00

Ahmed Musa translation – Khalid Qasim
provide the International Monetary Fund within the latter its agreement with Iraq a loan of 5.34 billion dollars , it focuses on the implementation of economic and financial policies to help the country deal with falling oil prices and ensuring debt sustainability.
And include the Convention, in regards to the oil sector, specific obligations on Iraq must fulfill them and relate to three aspects are arrears of international oil companies, as it confirms the IMF on the continued implementation Read more…

SOMO: Iraq currently produces 4.5 million barrels per day

SOMO: Iraq currently produces 4.5 million barrels per day

24.05.2016 16:25

[Oan- up]
it announced the national oil marketing company SOMO] that Iraq currently produces crude oil from the amount of 4.5 million barrels per day.
Said Falah al – Amiri , Director General of the company and the representative of Iraq in the Organization of Petroleum Exporting Countries [OPEC] on the sidelines of a conference on Iraqi oil in London on Tuesday , “The Iraq pumped about Read more…

The banking system in Iraq put a miserable and high oil prices will not solve the financial crisis

Economist: The banking system in Iraq put a miserable and high oil prices will not solve the financial crisis

9/5/2016 11:48

{Baghdad} Euphrates News saw a legal expert on behalf of Jamil Antoine, said on Monday that the banking system in Iraq put a miserable, while stressing that the rise in oil prices will not solve the financial crisis in the federal budget.
He said Antoine told {Euphrates News} Today, that ” the Iraqi budget in a state of very large deficit initially exceeds 16% on the basis Read more…

Adel Abdul-Mahdi: Iraq now third oil producer in the world

Adel Abdul-Mahdi: Iraq now third oil producer in the world

March 17, 2016

Said Iraqi Oil Minister Adel Abdul Mahdi, today, that Iraq issued a day more than three million barrels of oil from the south and center fields, and stressed that Iraq is now the third oil producer in the world.

Abdul-Mahdi said in his speech at the “Forum of Sulaimaniya,” the fourth in the second day, “Iraq has Read more…

Iraq sells oil at a loss .. the price of every three barrels equivalent to the cost of producing one barrel

Iraq sells oil at a loss .. the price of every three barrels equivalent to the cost of producing one barrel

02/17/2016

BAGHDAD / JD / .. revealed the Commission on oil and energy parliamentary, for the sale of Iraqi crude oil as a result of the decline in world oil prices at a loss, noting that every three barrels of oil sold at the cost of producing one barrel.
A member of the committee MP Jamal Ahmed told the Panthers / KD /: “The cost of production per barrel of crude oil in Iraq is very Read more…

Parliamentary Energy: enactment of the oil and gas law needs to be agreed upon

Parliamentary Energy: enactment of the oil and gas law needs to be agreed upon by the law of Baghdad and Erbil provinces and oil

2016/2/1 10:33

{Baghdad: Euphrates News} Chairman of the Commission on oil and energy parliamentary Erez Abdullah ruled out legislation oil and gas law, which has been postponed for several sessions unless the agreement on the bill between Baghdad and Erbil and oil-producing provinces.
He said Abdullah told {Euphrates News} “The enactment of the oil and gas law is subject Read more…

Oil Minister: Iraq is ready to cooperate with OPEC to cut production

Oil Minister: Iraq is ready to cooperate with OPEC to cut production

2016/1/30 14:34

[Follow-up – where]
Oil Minister Adel Abdul Mahdi, Iraq is ready to accept the decision of OPEC and outside to cut crude production.
Said Abdul-Mahdi, on Saturday, in a press statement, he said that “Iraq will agree to cooperate if producers have expressed a desire Read more…

Specialists: international banks may lend to apologize for Iraq

Specialists: international banks may lend to apologize for Iraq

01/23/2016

BAGHDAD / JD / .. after the decline in oil prices to unprecedented levels, and the absence of a prudent economic policy read the economic and financial future of the country by successive governments, have warned a number of specialists and observers of the financial and economic vulnerability of the country to the financial bankruptcy and the inability of the government Read more…

Abadi: We sell oil at $ 23 and Turkey founded Daash to restore the Ottoman Empire

Abadi: We sell oil at $ 23 and Turkey founded Daash to restore the Ottoman Empire

Posted, 2016/1/23 23:21

[Follow-where]
Prime Minister Haider al-Abadi said that “Iraq is selling oil at the price of $ 23 a barrel,” adding that “the significant decline in oil prices last year and this year, the impact on the country’s economy,” accusing “Turkey established Daash entity and it aspires to re-State Ottoman “.
He pointed Abadi in an interview with CNBC on the sidelines of the Davos economic conference in Switzerland that “the situation is Read more…

Abadi adviser rule out a return to the days of the siege and says: temporary crisis

Abadi adviser rule out a return to the days of the siege and says: temporary crisis

2016/1/21 10:32

{Baghdad: Euphrates News} Economic Adviser to the Prime Minister ruled out the appearance of Mohammed Saleh, said that Iraq is going through a period like a few days the siege in the nineties of the last century because it is a long-term pessimistic view, stressing that “the financial crisis are temporary and are working to find solutions.”
He said Saleh told {Euphrates News} “The oil crisis emergency does not last for years, and influenced by Iraq because Read more…

Abadi adviser: oil prices will recover and is unlikely to landing without the cost of production

Abadi adviser: oil prices will recover and is unlikely to landing without the cost of production

2016/1/18 13:12

{Baghdad: Euphrates News} Economic Adviser to the Prime Minister ruled out the appearance of Mohammed Saleh, falling oil prices to below cost of production, weighted price recovery in the future.
He said Saleh told {Euphrates News} “The global readings excluded falling oil prices to below cost of production,” noting that “Iraq cheap in the cost of oil producing countries and this makes us immune to all production Read more…

Warnings of the collapse of the local currency when you withdraw funds from monetary reserves

Warnings of the collapse of the local currency when you withdraw funds from monetary reserves

01/18/2016

BAGHDAD / JD / .. warned a number of experts and specialists in the financial and economic affairs of the local national currency collapse when the government resorting to withdraw funds from monetary reserves of the Central Bank to bridge the budget deficit, calling to resort to other measures Kalaguetrad and the issuance of bonds and the application of savings forced to confront the financial crisis.
The government plans, according to a memorandum of the Read more…

Urgent: Delete the payment on credit from the budget and al-Abadi told us not to be challenged

Urgent financial parliamentary: Delete the payment on credit from the budget and al-Abadi told us not to be challenged

2015/12/15 13:36

[Baghdad – where]
the parliamentary Finance Committee announced on Tuesday the cancellation of payment on credit of the draft budget law next year 2016.
He said the Commission’s decision Ahmed al-Haj told all of Iraq [where], “The budget has been completed, and Tbakat only need to proofreading and legal drafting,” noting that it “will be presented to everyone to consider the Read more…

Tamimi: oil imports became half of the companies with the price drop below $ 40 a barrel

Tamimi: oil imports became half of the companies with the price drop below $ 40 a barrel

12/15/2015 13:39 GMT

Follow-up – and babysit – he said the parliamentary finance committee member Majda al-Tamimi, said Iraq’s imports of oil became half of the foreign companies operating in Iraq with the decline in crude prices to below $ 40 a barrel.
According to Al-Tamimi said the “oil foreign companies take $ 20 a barrel Kklv extraction and service and what remains of the global barrel price goes to the state treasury, especially since Read more…

Economists warn that the country’s vulnerability filed for bankruptcy during 2016

Economists warn that the country’s vulnerability filed for bankruptcy during 2016

12/14/2015

BAGHDAD / JD / .. after the cut in world oil prices to their lowest levels since the past six years has been sounding the alarm on the economies rentier of the oil-producing countries such as Iraq, accounting for oil revenues, 93% in the annual federal budget has made ​​the Iraqi economy is influenced by fluctuations occurring oil prices .
Although the countries of OPEC members agree on a cap cartel’s production to 31 million barrels per day, but some countries like Iran and Saudi Arabia confirmed that they did not are committed to Read more…

Iraqi oil at a price of $ 30 with OPEC alert for new battles

Iraqi oil at a price of $ 30 with OPEC alert for new battles

11/19/2015 14:16 GMT

Follow-up – and babysit – it is likely to Iraq increases its oil production in 2016 although it is less dramatic than this year, which will make the battle of market share raging among members of the Organization of Petroleum Exporting Countries Countries (OPEC) and their competitors from outside of a battle that was forced because of Baghdad to sell some Crude types of low price up to $ 30 a barrel.
Iraq’s production Read more…

Abadi’s adviser: reduction of expenses in the budget of 2016 and other delete unnecessary

Abadi’s adviser: reduction of expenses in the budget of 2016 and other delete unnecessary

2015/10/17 19:06

[Baghdad-where]
the appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi said on Saturday, that there is a reduction in the budget of 2016, and that the omission had been for unnecessary expenses. ”
Said Saleh told all of Iraq [where] that “the 2016 budget will be discussed tomorrow in the special session of the Council of Ministers where gives his opinion in, and then go to parliament, noting that” the budget will go toward reducing expenses.
“” It will be some expenses reduce the necessary change my budget. ” .
It is noted that due to the Council of Ministers Read more…