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OPEC announced its intention to apply quotas on Iraq
OPEC headquarters in Vienna
17.12.2011
Hassan Rashid
After more than twenty years to get Iraq out of quotas applied by the Organization of Petroleum Exporting Countries (OPEC) members, the organization announced recently that it will bring Iraq into the system again when the volume of production threshold of three million barrels a day. spokesman for the Iraqi Oil Ministry, Asim Jihad said that Iraq continues to export outside the quota system at the moment, but will begin negotiations with OPEC when it reaches its production to four million barrels per day, not three million.
Jihad said in a statement to Radio Free Iraq that even in case of agreement with OPEC to enter the system quota, the share of Iraq should be commensurate with the reserves and large size of its exports are available, adding that OPEC should take into account that Iraq has been deprived for a long time to export its oil, when you think to return him back to the system of export quotas.
The share of Iraq in the framework of OPEC before the imposition of sanctions on Iraq in 1990, three million and (800) thousand barrels a day, but the Iraqi oil expert jeweler says Hamza return Iraq to the level of export is a great injustice against him.
Jeweler to confirm that Iraq may withdraw from OPEC in the absence of granted quota commensurate with the size of oil reserves and production, which constitutes a great loss to the organization. opinion.
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OPEC headquarters in Vienna
17.12.2011
Hassan Rashid
After more than twenty years to get Iraq out of quotas applied by the Organization of Petroleum Exporting Countries (OPEC) members, the organization announced recently that it will bring Iraq into the system again when the volume of production threshold of three million barrels a day. spokesman for the Iraqi Oil Ministry, Asim Jihad said that Iraq continues to export outside the quota system at the moment, but will begin negotiations with OPEC when it reaches its production to four million barrels per day, not three million.
Jihad said in a statement to Radio Free Iraq that even in case of agreement with OPEC to enter the system quota, the share of Iraq should be commensurate with the reserves and large size of its exports are available, adding that OPEC should take into account that Iraq has been deprived for a long time to export its oil, when you think to return him back to the system of export quotas.
The share of Iraq in the framework of OPEC before the imposition of sanctions on Iraq in 1990, three million and (800) thousand barrels a day, but the Iraqi oil expert jeweler says Hamza return Iraq to the level of export is a great injustice against him.
Jeweler to confirm that Iraq may withdraw from OPEC in the absence of granted quota commensurate with the size of oil reserves and production, which constitutes a great loss to the organization. opinion.
[You must be registered and logged in to see this link.]
