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Economy
Researcher: raise the production ceiling of oil outside OPEC will reflect negatively on the prices of Iraqi oil
15/12/2013 08:54:00

BAGHDAD / NINA / The economic researcher , vice President of Economic Media Center Malath al-Amin confirmed that raising the production ceiling for Iraqi oil outside OPEC will lead to a reduction to the oil price. "

He told the National Iraqi News Agency / NINA / that "Iraq was prevented, for many years, since 1991 to 2003, to increase its productive in OPEC as it was under Chapter VII , stressing that lifting Iraq out from Chapter VII attracted investment companies in Iraq , which led to increase its oil production . "

He added that Iraq has the right to raise its production ceiling after Saudi Arabia and Iran made up its share in OPEC , but the increase in production will lead to repercussions on the price of oil . "

He explained , "The OPEC Organization is responsible for the planning of production in the oil-producing in order to maintain the price of oil , but Iraq is in a case of development and construction of the structure of the oil sector ."

The Minister of Oil Abdul -Karim Layabi announced that Iraq intends to increase its oil production more than two and a half million barrels of crude oil per day next year . / End




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News
20/12/2013 22:35:00

Gunmen execute 6 young men, blow their houses in Haweeja

20/12/2013 22:31:00

Policeman, his mother killed in Qayara

20/12/2013 22:27:00

BREAKING NEWS IED explodes on a car in Sulaymaniya

20/12/2013 21:05:00

World Bank grants Iraq $ 355 million loan

20/12/2013 21:00:00

Policeman killed in northern Salaheddin province

20/12/2013 20:01:00

Child killed, another wounded in Mosul

20/12/2013 19:54:00

Sahwa element killed, 4 policemen wounded in Shirqat

20/12/2013 18:54:00

Anbar Governor: Ghanimi’s statement that rockets fired from Falluja intending Karbala visitors shows ignorance in military knowledge

20/12/2013 18:46:00

Sheik’s Diwan in Ramadi intended in mortar attack

20/12/2013 18:41:00

Civilian killed, 2 policemen, civilian wounded in Falluja

20/12/2013 18:30:00

Car bomb explodes, suicide attacker killed in Hadeetha

20/12/2013 14:35:00

Massoud Barzani receives al- Jarba.

20/12/2013 14:11:00

A suicide bomber killed, in Khanaqin.

20/12/2013 13:58:00

One civilian killed and arrested four wanted men in Diyala.

20/12/2013 13:43:00

AMS demanding the release of Sheikh Qasim Jurani.

20/12/2013 13:41:00

Strict security procedures around the sit-in square of Anbar.

20/12/2013 13:38:00

Four policemen killed,north of Tikrit.

20/12/2013 11:35:00

16/ wanted arrested, west of Tikrit.

20/12/2013 11:16:00

Three suicide bombers killed in Hadeethah district.

19/12/2013 22:00:00

The incident that caused in killing, wounding 41 persons in southern Baghdad resulted from vehicle turnover not explosive vest

19/12/2013 21:05:00

Qaeda base destroyed northern Babil

19/12/2013 20:34:00

Engineer killed west Mosul

19/12/2013 20:14:00

Sahwa member killed, 2 policemen wounded southeast Mosul

19/12/2013 19:56:00

Civilian killed, 2 wounded southeast Falluja

19/12/2013 18:26:00

Hakeem in meeting with Sadr stresses importance of pumping new blood into the political process

19/12/2013 17:46:00

41 pilgrims heading to Karbala killed and wounded in Yusifiyah

19/12/2013 17:46:00

41 pilgrims heading to Karbala killed and wounded in Yusifiyah

19/12/2013 17:42:00

Urgent …. Four of Karbala pilgrims killed, 20 wounded south of Baghdad

19/12/2013 17:39:00

BOC: an armed group killed in Amiriyat al-Fallujah

19/12/2013 17:39:00

Civilian killed east of Baghdad