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Showing results for tags '09-04-2013 15:56'.
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OPEC announced, Tuesday, for a gradual decline in the price of the OPEC basket of more than $ 102 per barrel, pointing to lower average prices for the month of March last February. 09-04-2013 15:56 The organization said a statement posted on its website and seen by "Alsumaria News", "The OPEC basket price fell and gradually, on Tuesday, to 102 dollars and 35 cents per barrel after prices recorded a rise during the past week to reach 108.16 dollars per barrel on Tuesday . " The organization added that "the average basket price for the month of March stood at 106.44, down from average prices for the month of February the average price the 112.75 dollars," indicating that "the rate of prices during the last three months of the current year 2013 is still comparable to average prices last year, up to $ 109 a barrel One ". It consists of OPEC basket of 12 crude, a mixture Sahara Algerian ore جيراسول Angolan and Iranian crude and heavy Basra Light Iraqi export Kuwaiti Sidr Libya and Bonny Light Nigerian maritime country and Arab Light Saudi Murban UAE and Mary Venezuelan Oriente of Ecuador. The Organization of Petroleum Exporting Countries (OPEC), which was founded in Baghdad in 1960 by agreement between the five countries are Saudi Arabia, Iran, Iraq, Kuwait and Venezuela, and is headquartered in Vienna, one of the largest international organizations supervising the organization of the export of oil and determine prices, and its membership includes currently 12 state oil exporter, has a whole between two-thirds and three-quarters of the world's oil reserves. And identified Iraq's share of three million and 800 thousand barrels per day, but it does not make only 2.45 million barrels currently, and is determined by the share of export agreement between the State and the organization and relies on some of the criteria most important reserves of each country, and Iraq calls for an increase of its share based on what he says is "new oil discoveries "He has. It is noteworthy that Iraq had signed the beginning of the year 2010, several contracts with international companies to develop some oil fields, within the first two rounds of licensing and second, to reach a production of at least 6 million barrels per day in 2017. THE LINK : http://alsumarianews.tv/ar/iraq-business-news/-3-58917.html