The Minister of Oil: Riyadh ensured the completion of service projects and the provision of fellowships

[yota691]

Oil minister visits Saudi Arabia for talks on OPEC and joint cooperation

economy

 Since 2017-08-08 at 17:41 (Baghdad time)

Follow Mawazine News

Oil Minister Jabbar al-Luaibi left for Saudi Arabia on Tuesday, where he will meet with his Saudi counterpart Khalid al-Falih to discuss developments in the oil market and efforts of the Organization of the Petroleum Exporting Countries (OPEC) to stabilize the market.

The Iraqi Oil Ministry said in a statement received by Mawazine News that the visit comes after an invitation from Saudi Energy Minister Al-Falih and that a delegation of Iraqi energy officials will accompany Al-Allaibi.

The ministry added that al-Luaibi will discuss "ways to strengthen and develop bilateral relations between the two countries, especially in the field of oil and gas and in the interest of common interests."

The two sides will discuss "developments in the oil market and coordination and joint efforts to achieve the goals agreed at OPEC meetings and try to rebalance the world oil market and support oil prices," Al-Allaibi said in the statement.

The two sides will also discuss joint cooperation in the oil and gas sector

[Donziman]

Another expensive trip to Saudi hang out around the pool in the middle of

the desert drinking Cuban rum and coke to say we will have to talk about

this again sometime soooon.

[Gypsygirl11]

This can only be good.

[ChuckFinley]

7 minutes ago, Gypsygirl11 said:

This can only be good.

You are right. Cuban rum really goes good with Coke or Pepsi. 

[Gypsygirl11]

9 minutes ago, ChuckFinley said:

You are right. Cuban rum really goes good with Coke or Pepsi. 

LOL, OK    I would love to try it. Never had Cuban rum

Edited August 8, 2017 by Gypsygirl11

[ChuckFinley]

3 minutes ago, Gypsygirl11 said:

LOL, OK    I would love to try it. Never had Cuban rum

Cuba is going to be one of my stops when this hits. Money to be made there.  

[yota691]

Iraq and Saudi Arabia discuss the stability of oil markets

economy

 Since 2017-08-09 at 12:10 (Baghdad time)

Baghdad Mawazine News

Saudi Energy Minister Khalid al-Falih said Wednesday he discussed efforts to stabilize oil markets with Iraqi Oil Minister Jabbar al-Luaibi during a meeting.

Al-Faleh published a picture of him on Twitter as he received the Iraqi oil minister and said they discussed "the importance of unifying the efforts of all countries to stabilize markets."

The Iraqi Oil Ministry announced on Tuesday that Al-Allaibi left the country for Saudi Arabia to discuss the developments in the oil market and efforts of the Organization of the Petroleum Exporting Countries (OPEC) to stabilize the market.

[yota691]

Saudi Energy Minister: We will support Iraq politically, security and economically

Readers

 

 

Saudi Energy Minister: We will support Iraq politically, security and economically

 

09-08-2017 02:14 PM

 

The Euphrates -

 

Saudi Energy Minister Khalid al-Falih said that he discussed with his Iraqi counterpart efforts to stabilize the oil markets, pointing out that his country will stand with the Iraqis to support them in all fields. 

Al-Falih published a picture of him on his page to a person in the social networking site Twitter, today he receives the Iraqi oil minister and wrote a comment that he discussed with Iraqi Oil Minister Abdul-Jabbar al-Allaibi during a meeting between them efforts to stabilize the oil markets. 

As I explained to his Excellency (Allaibi) keenness of the leadership of the Kingdom to stabilize Iraq politically, security and economically and we will stand with our brothers until Iraq returns strong and prosperous.

[yota691]

After the improvement of relations between Iraq - Saudi Arabia .. The adoption of Arar port for the transport of goods between the two countries

09-08-2017 02:01 PM

Readers

 

Baghdad News -

 

 

Iraq's ambassador to Saudi Arabia, Rushdie al-Ani, said Wednesday that a new port of Arar would be used to transport goods across the Saudi-Iraqi border after the end of the pilgrimage season. 

"Another port will be opened in Al-Jamaima to facilitate the transport of goods between the two countries," Al-Ani told Al Watan Saudi Arabia. 

And revealed the signing of a memorandum of understanding between the two countries to open the airlines between them, adding, 'We are partners in blood and neighbors and religion'. 

Iraqi-Saudi relations have begun to improve in recent times, including several visits between officials from both countries.

[yota691]

Iraq wants to restart the oil pipeline across Saudi Arabia

Said that this line is one of the most important projects transporting oil

 

 10 August 2017 12:55 PM

RIYADH: Iraq's former oil minister and head of Iraq's oil and energy committee, MP Ibrahim Bahr al-Ulum, said it was necessary to restore Iraq's oil pipeline through Saudi Arabia to the Red Sea.

Bahr al-Ulum said in a statement to Al-Hayat newspaper that this line is one of the most important projects carrying oil, which was established with Iraqi funds from the Iraqi oil sources to the ports of Yanbu Saudi Arabia on the Red Sea.

The former Iraqi oil minister said that the line was stopped after the second Gulf War by a Saudi decision, and that when he assumed the post of oil minister, he received a letter from Riyadh concerning the use of this line for the benefit of one of the Saudi oil companies and not to take it as compensation for Saudi debts to Iraq, In the media then.

He expected that there will be a positive response by the Kingdom in this regard that the political atmosphere is appropriate, and there is great convergence between the two governments in a way that allows Iraq to open several files, including the carrier line, debt, and joint wells and cooperation gas oil.

The Iraqi Oil Minister Jabbar al-Allaibi is currently on an official visit to Riyadh to discuss several files, foremost of which is oil market developments and coordination of joint efforts to achieve the goals agreed at the OPEC meetings and try to rebalance the world oil markets and support prices.

[yota691]

Iraq and Saudi Arabia affirm their full commitment to the oil production reduction agreement

Economy News _ Baghdad Oil Minister Jabbar al-Luaibi and Saudi Deputy King Mohammed bin Salman discussed the opening of land ports, direct flights and encouraging trade and investment from the Saudi private sector.  The Saudi Press Agency said in a news item, "Economy News", that "the Deputy Custodian of the Two Holy Mosques Prince Mohammed bin Salman bin Abdul Aziz Al Saud met in Jeddah, Iraqi Oil Minister Jabbar al-Allaibi."  She added that "  The meeting reviewed the bilateral relations, especially the joint opportunities in the economic fields in general and energy in particular, including the opening of land ports, direct flights and encouraging trade exchange and investments from the private sector. The discussion also discussed the close cooperation between the two countries in the field of oil policy coordination, Full of the agreement to reduce the production of oil until the markets reach the target balance of this agreement, " She said," The Iraqi oil minister conveyed the greetings of the Iraqi leadership and people to the Custodian of the Two Holy Mosques and his deputy, and wishes the Iraqi government to the kingdom more "HH the Amir stressed the keenness of the Kingdom's government on the stability of Iraq and its determination to develop and strengthen relations in all fields in the interest of the people of both countries."

Views 10   Date Added 10/08/2017

 

[yota691]

Iraq and Saudi Arabia agree to support and ensure the stability of world oil markets

 

Economy     access_time 2017/08/11 10:50  Number of readings: 150

 

 

Baghdad today - follow up

Iraq and Saudi Arabia have agreed to ensure the stability of world oil markets and consolidate the gains made in the recent period.

"The Iraqi Oil Minister Jabbar al-Luaibi met with Khalid al-Faleh, Minister of Energy, Industry and Mineral Resources of Saudi Arabia." During the meeting, they discussed a number of issues of common interest and joint cooperative initiatives between Saudi Arabia and Iraq in the fields of energy, , Mineral wealth, trade, and mutual consultation. "

"It was agreed to ensure the stability of the world oil markets and consolidate the gains made in the recent period," he said, stressing the need to intensify efforts to urge all parties to strengthen their commitment to the reduction of production to maintain the balance of global energy markets. In general, because of the many interests of producers and consumers alike. "

"Iraq is one of the countries with promising economic potential in the region, and cooperation between the two countries will contribute to the activation of this potential," said Saudi Energy and Industry Minister Khaled Al-Falih, adding that Iraq is a prominent member of the Organization of Petroleum Exporting Countries On the agreement to rebalance the world oil markets, with a number of producing countries outside the organization, and that during this period, will contribute to strengthening the commitment to the agreement to reduce production, which will reflect, God willing, positively on the data of the global oil market.

He pointed out that "based on the discussions that took place, the next phase of the economic and development relations between Saudi Arabia and Iraq will witness greater activity and cooperation in the field of trade exchange between the Kingdom and Iraq, as well as in the field of opening joint investments of companies and businessmen between the two countries."

[yota691]

Saudi Arabia guarantees Iraq's commitment to an agreement to reduce oil production

Saudi energy minister says discussions with Iraqi counterpart have underscored the need to boost commitment to the OPEC-led agreement to reduce crude supplies.

The Arabs  [published in 2017/08/11, number: 10719, p. 10]

Baghdad has abided by OPEC's agreement and cut output by about 210,000 barrels to 4.35 million bpd

RIYADH - Saudi Arabia has provided assurances that Iraq will abide by a deal to cut output between OPEC and a number of independent producers after reports indicate Baghdad's lack of commitment to the agreement and its repeated demands to exempt it from cutting production.

"The talks with the Iraqi oil minister stressed the need to strengthen the level of commitment to the agreement," led by OPEC to reduce the supply of crude, said Saudi Energy Minister Khalid al-Faleh. He said in a statement that the talks "reached an agreement in the visions between the two countries aimed at ensuring the stability of world oil markets and consolidate the gains made in the recent period."

The talks stressed the need to intensify efforts to urge all parties to strengthen their commitment to the agreement to reduce production, to maintain the balance of global energy markets.

Al-Falih expected that the economic relations between the two countries will witness "greater cooperation and cooperation in the field of trade exchanges, as well as in the field of opening joint investments of companies and businessmen between the two countries."

There is speculation that the visit of the Iraqi oil minister has discussed the export of oil through Saudi Arabia through the re-operation of the pipeline with Riyadh in its ports on the Red Sea.

Iraqi Oil Minister Jabbar Laibi met Saudi Crown Prince Prince Mohammed bin Salman during his visit to Riyadh, which began last Tuesday.

Reports have pointed out in the past period that Iraq is one of the least committed to the OPEC production reduction agreement with a number of independent producers at the end of last year.

Khalid Al-Falih: We have common visions with Iraq aimed at ensuring the stability of world oil markets

 

But the Iraqi Oil Ministry confirms that it has fully complied with the OPEC agreement and cut oil production by about 210 thousand barrels to 4.35 million barrels per day. Iraq, OPEC's second largest oil exporter, agreed last November to cut its total output by 1.2 million bpd from the start of this year and the deal was extended until March to rebalance the markets.

Iraq has repeatedly demanded that it be exempted from compliance with the agreement because of its exceptional circumstances as it suffers from a stifling financial crisis at a time when it is facing the high costs of war against an oppressive organization.

Iraqi officials see compliance with the OPEC deal exacerbating the country's financial crises and pushing Baghdad to borrow from abroad to offset falling revenues.

Sarhan Ahmed, a member of the Iraqi parliament's finance committee, said his country was suffering from a severe financial crisis that has been accumulating over the years as a result of low financial revenues and is worsening daily as spending increases.

Baghdad has entered into international financial commitments through several multi-billion dollar loans, such as the Japanese, French, British, Qatari and other loans, a package of loans the government will have difficulty repaying in the absence of a long-term government vision of the country's economy.

Ahmed believes that Iraq's withdrawal from the OPEC agreement to cut oil production requires a government with a clear economic and financial policy, which is what his country is currently losing.

Iraq suffers from political, economic and security chaos in the face of a broad war against terrorism, the spread of corruption in the joints of countries and the paralysis of economic activity, which led to imbalances and a record deficit in the public budget.

[Butifldrm]

conclusion of agreements in the field of oil, gas and petrochemicals between Iraq and Saudi Arabia

 

 Twilight News    

 

 one hour ago

 

 

Oil Minister Jabbar Ali al-Allaibi on Friday announced the conclusion of agreements between Iraq and Saudi Arabia, including the establishment of projects in the sectors of oil and gas, petrochemicals and manufacturing industries.

The Minister of Oil said in a statement on the results of his visit to Saudi Arabia that it was decided to form joint committees to study and evaluate the establishment of projects in the sectors of gas and petrochemicals and manufacturing industries and the processing of oil projects, investment and partnership and cooperation and training and technology and the allocation of scholarships, as well as to confirm the convergence of views between the two countries and emphasis on Commitment to the decisions of the Organization of Petroleum Exporting Countries and work together to restore balance to world markets and to support oil prices.

For his part, the Saudi Minister of Petroleum, Khalid Al-Falih, stressed on harnessing all the possibilities of expertise and technology possessed by the Saudi companies for the Iraqi side as well as providing opportunities for training, access and exchange of experiences and activating investment opportunities and joint projects. He praised the role of Iraq in the OPEC Organization and work to restore the balance of the world oil market and support oil prices. .

Al-Falih predicted that the bilateral relations will witness a qualitative leap in the coming period, which will contribute to fruitful results and enhance relations between the two brothers.

For his part, ministry spokesman Assem Jihad said that Oil Minister Jabbar al-Luaibi met with the foreign and trade ministers of the Kingdom and agreed on the need to activate and expand areas of joint cooperation in all sectors, especially oil, economic, industrial and commercial. .

The minister also visited the Royal Commission for Jubail and Yanbu and heard from the director of the authority to explain the strategic plans

and employ modern means in the planning and implementation of the projects for the future and the future.

 

http://www.shafaaq.com/ar/Ar_NewsReader/a2486d28-2f2f-4b15-9196-078663802fa9

[SnowGlobe7]

On 8/8/2017 at 5:03 PM, ChuckFinley said:

Cuba is going to be one of my stops when this hits. Money to be made there.  

 

Dude I have never agreed with you more!!!!!

[nannab]

57 minutes ago, SnowGlobe7 said:

 

Dude I have never agreed with you more!!!!!

 

 

SnowGlobe and Chuckfinley you are so right.

Boat load's of auto parts and small motors to start.

And them maybe I can get a 57 Chevy mint body from one them.

[ChuckFinley]

2 hours ago, SnowGlobe7 said:

 

Dude I have never agreed with you more!!!!!

I really think that we have a great combination of creativity and capital. I am ready to get out there and do some damage.   

[ChuckFinley]

1 hour ago, nannab said:

 

 

SnowGlobe and Chuckfinley you are so right.

Boat load's of auto parts and small motors to start.

And them maybe I can get a 57 Chevy mint body from one them.

You are right there. There is a gold mine out there.  

[yota691]

Iraq and Saudi Arabia announce a promising economic phase

12/8/2017 12:00 am    Affirmed their full commitment to the Convention on the reduction of oil production  Baghdad / Al- Sabah  announced that Iraq and Saudi Arabia, on the economic stage «promising» between the two neighboring countries in the near future, stressing their full commitment to the Convention on the reduction of oil production, while Oil Minister Jabbar Allaibi, all Saudi investors to invest in Iraq Saudi Arabia's Minister of Energy, Industry and Mineral Resources Khaled Al-Falih expressed Riyadh's keenness to open up all available fields to improve relations with Baghdad.  Al-Allaibi, who is currently in Riyadh, said during a joint press conference with his Saudi counterpart Khalid al-Falih after a formal round of talks: "Iraq is a country with rich resources in a number of areas and has great wealth and has many opportunities for our brothers in the Kingdom of Saudi Arabia, who can contribute to this development, which is going to Iraq now," noting that "the Crown Prince Saudi Prince Mohammed bin Salman during their meeting The Kingdom's position on the side of Iraq in all areas is not only political but economic of all kinds ».  Referring to the cooperation between Iraq and Saudi Arabia on OPEC's oil production ceiling, the oil minister said, "We are committed to Saudi Arabia and there is no room for disagreement on this. We are in agreement and an ongoing agreement." He explained that «the oil export figures of his country confirm that they are in line With the decisions of (OPEC) », stressing« Iraq's readiness to address any difference of views with any country in a radical and immediate ».  For his part, Minister of Energy, Industry and Mineral Resources Khalid Al-Faleh said that he discussed with Minister Al-Allaibi the issue of the return of stability of oil markets, stressing his country's commitment to its leading role in reducing production in order to stabilize the market. Al-Falih expressed Saudi Arabia's keenness to open up all available fields to improve relations with Iraq. He said that his country is keen to supply Iraq with manufactured exports of petroleum, petrochemical and mineral products from iron and aluminum and to remove obstacles and barriers, encourage investments between the two countries and increase trade exchange at all levels. In the private sector or state-owned enterprises ».  He pointed out that «the next phase of economic and development relations between the two countries will witness greater activity and greater cooperation in the field of trade exchange as well as in the field of opening joint investments of companies and businessmen from both sides».  The Minister of Energy, Saudi Arabia, said that «the characteristics of the countries of their containment of basic development components, namely human resources, raw materials and energy sources will enhance the chances of success of cooperation in all fields» Oil Minister Jabbar al-Luaibi discussed with Saudi Crown Prince Mohammed bin Salman open land ports Direct flights and encourage trade exchange and investments from the Saudi private sector.  During the meeting, the two sides reviewed the bilateral relations, especially the joint opportunities in the economic fields in general and energy in particular, including the opening of land ports, direct flights and encouraging trade and investment from the private sector. In the field of oil policy coordination and the commitment of the two countries to the full agreement to reduce oil production until the markets reach the target balance of this agreement ».

[nannab]

3 hours ago, ChuckFinley said:

You are right there. There is a gold mine out there.  

 

I had seen a program about six months ago showing the vintage cars they use. The bodies where mint

and god love them it was amazing what they used let alone what they keep them running. I think that it was on the discovery channel.

have a great night everyone. 

[SnowGlobe7]

4 hours ago, ChuckFinley said:

I really think that we have a great combination of creativity and capital. I am ready to get out there and do some damage.   

 

Dude lets roll!!!

[nannab]

47 minutes ago, SnowGlobe7 said:

 

Dude lets roll!!!

 

 

 

Can the other Dudet tag along too?  

[DinarThug]

CNN. Broadcasting The Obvious Influence Of The Donald And Erasing The Previous Administration's Coddling Of The Iranian Mullahs !

 

 

 

URGENT A new Saudi decision to strengthen relations with Iraq

2017/8/14 

 

http://www.alliraqnews.com/mod.....ryid=64850

 

[DinarThug]

Saudi Arabia to launch joint trade council with Iraq

Tuesday, August 15, 2017

 

[RIYADH] Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday, in a sign of a thaw in ties between the two neighbours.

 

"The cabinet has decided to approve the establishment of the Saudi-Iraqi Coordinating Commission and to delegate the Saudi minister of trade and investments to sign on behalf of the kingdom," read a statement carried by state-run SPA news agency.

The two countries went a quarter century without diplomatic relations, which were cut following Saddam Hussein's 1990 invasion of Kuwait after which Saudi Arabia served as the launchpad for a US-led coalition to oust Iraqi forces.

Saudi Arabia and Iraq, Opec's top two producers, were both dealt a serious blow when oil prices plummeted following a global production glut in 2014.

Riyadh and Baghdad showed an improvement in ties in June, when Iraqi Prime Minister Haider al-Abadi visited the kingdom followed by a series of visits by high-ranking officials.

Iraq's Energy Minister Jabbar al-Luaybi and his Saudi counterpart Khalid al-Falih last Thursday jointly announced they would strengthen their commitment to pledged oil production cuts and vowed to ensure coordination of their nations' oil policies.

Opec and non-Opec members have pledged to cut back on production in an effort to stabilise market prices.

While Saudi Arabia met its production limits in July, Iraq only made one-third of the cut it had pledged, according to a report published by the International Energy Agency.

The rekindling of ties comes at a time of diplomatic crisis in the Gulf after Saudi Arabia cut all ties with neighbouring Qatar in June, accusing the emirate of supporting Islamist extremists and working with Shiite Iran.

Qatar, the world's largest exporter of liquefied natural gas, has denied the allegations.

 

AFP

http://www.businesstimes.com.sg/government-economy/saudi-arabia-to-launch-joint-trade-council-with-iraq

 

[navira45]

Bump it all the way on top..along with the others i bumped