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* July 8th, 2012 07:50 pm · Posted in NEWS: Dinar Currency & World Currency News
Oil Ministry announced on Sunday that Iraq’s revenues from oil exports during the first half of this year reached more than $ 45 billion, asserting that Iraq had achieved a surplus in its oil revenues amounted to nine billion dollars, while the accused some OPEC countries not abiding by their quotas assessments.
said the spokesman of the Ministry of Oil, Assem Jihad said that “Iraq has made during the first half of this year, more than $ 45 billion,” noting that “the government approved the surplus of oil revenues amounted to nine billion dollars during that period. “he said in a statement carried by the agency (Alsumaria News) that” the surplus in the budget for Iraq will reflect positively on the Iraqi economy and thus help the government create a supplementary budget to support the budgets of other ministries, particularly in the services, “noting that “OPEC and found a surplus in the amount of oil before estimated at more than 1.0006 million barrels a day.” Jihad continued that “some members of OPEC, including Saudi Arabia and the UAE have exceeded their assessments and came to the agreement that came out by the organization during its last meeting to cap oil production 30 million barrels a day, “asserting that” the price of $ 100 per barrel is a good price for Iraq, as prepared by some other price is appropriate. ”
and pointed out that “the continuing decline in global oil prices will push the Organization of Petroleum Exporting Countries to hold an emergency meeting to cut production again to maintain prices. “In the meantime, expect a source familiar with the Organization of Petroleum Exporting Countries that are chosen the representative of Iraq for the presidency next to the Organization,” especially as the data stocks and production of oil will lead the country to issue Site influential in the balance of supply and demand in the market for global crude. “said the source, who declined to identified in connection with (Center Brief for the Iraqi Media Network) projections suggest that the selection of a candidate from Iraq Thamer Ghadban between candidates of Kuwait, Saudi Arabia and Iran to take over as secretary general of OPEC, whose membership includes 12 countries exporting oil. The source said that Saudi Arabia is reported by OPEC that it had produced 9.8 million barrels per day in June to a lesser extent compared with 10.1 million barrels a day last April, suffer from the problems of maintaining the level of output because of the faltering Balacetkchavat oil in new areas and low reserves in producing fields, which will lead Iraq to issue its impact on the balance of supply and demand, global oil market, noting that the leaks global research centers confirms the arrival of the oil of Iraq to produce about 20 million barrels a day, at least by the year 2050. He stressed that the delay the vote on the presidency of the Organization of Petroleum Exporting Countries, which was scheduled last June to a meeting next September was due to intense competition between two teams within the organization for the first time in its history to support their candidates for the position because of the importance of the strategy which Stanlha future in the oil industry globally on the economy and global growth. He noted that Iraq has played a key role in global economic policy directions for the next stage. He said the moves by the oil minister, Abdul Karim and coffee was realistic and was part of the border and the prospects that it will arrive in Iraq in the oil industry and its impact on the economy, peace and international security and regional influence and economic development. The source added: I have seen everyone started the actual size of Iraq to dispel international concerns of rising prices and provide the needs of the global market of crude to make the world look to the oil minister’s comments with great interest about international issues.
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Oil Ministry announced on Sunday that Iraq’s revenues from oil exports during the first half of this year reached more than $ 45 billion, asserting that Iraq had achieved a surplus in its oil revenues amounted to nine billion dollars, while the accused some OPEC countries not abiding by their quotas assessments.
said the spokesman of the Ministry of Oil, Assem Jihad said that “Iraq has made during the first half of this year, more than $ 45 billion,” noting that “the government approved the surplus of oil revenues amounted to nine billion dollars during that period. “he said in a statement carried by the agency (Alsumaria News) that” the surplus in the budget for Iraq will reflect positively on the Iraqi economy and thus help the government create a supplementary budget to support the budgets of other ministries, particularly in the services, “noting that “OPEC and found a surplus in the amount of oil before estimated at more than 1.0006 million barrels a day.” Jihad continued that “some members of OPEC, including Saudi Arabia and the UAE have exceeded their assessments and came to the agreement that came out by the organization during its last meeting to cap oil production 30 million barrels a day, “asserting that” the price of $ 100 per barrel is a good price for Iraq, as prepared by some other price is appropriate. ”
and pointed out that “the continuing decline in global oil prices will push the Organization of Petroleum Exporting Countries to hold an emergency meeting to cut production again to maintain prices. “In the meantime, expect a source familiar with the Organization of Petroleum Exporting Countries that are chosen the representative of Iraq for the presidency next to the Organization,” especially as the data stocks and production of oil will lead the country to issue Site influential in the balance of supply and demand in the market for global crude. “said the source, who declined to identified in connection with (Center Brief for the Iraqi Media Network) projections suggest that the selection of a candidate from Iraq Thamer Ghadban between candidates of Kuwait, Saudi Arabia and Iran to take over as secretary general of OPEC, whose membership includes 12 countries exporting oil. The source said that Saudi Arabia is reported by OPEC that it had produced 9.8 million barrels per day in June to a lesser extent compared with 10.1 million barrels a day last April, suffer from the problems of maintaining the level of output because of the faltering Balacetkchavat oil in new areas and low reserves in producing fields, which will lead Iraq to issue its impact on the balance of supply and demand, global oil market, noting that the leaks global research centers confirms the arrival of the oil of Iraq to produce about 20 million barrels a day, at least by the year 2050. He stressed that the delay the vote on the presidency of the Organization of Petroleum Exporting Countries, which was scheduled last June to a meeting next September was due to intense competition between two teams within the organization for the first time in its history to support their candidates for the position because of the importance of the strategy which Stanlha future in the oil industry globally on the economy and global growth. He noted that Iraq has played a key role in global economic policy directions for the next stage. He said the moves by the oil minister, Abdul Karim and coffee was realistic and was part of the border and the prospects that it will arrive in Iraq in the oil industry and its impact on the economy, peace and international security and regional influence and economic development. The source added: I have seen everyone started the actual size of Iraq to dispel international concerns of rising prices and provide the needs of the global market of crude to make the world look to the oil minister’s comments with great interest about international issues.
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