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Adam Montana Weekly 29 May 2019


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Parliamentary Economy: Iraq has a golden opportunity to increase its oil production

17:31 - 01/06/2019
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Information / Special ...

BAGHDAD (Reuters) - The Iraqi government has a golden opportunity to increase oil production within the Organization of the Petroleum Exporting Countries (OPEC), the parliamentary committee on economy and investment said on Saturday, pointing out that Saudi Arabia is unable to meet the needs of markets after cutting production.

"Saudi Arabia's decline in oil production gave Iraq a golden opportunity to increase its oil production within the Organization of Petroleum Exporting Countries," said a member of the committee, the charter of Ibrahim. "Saudi Arabia blocked the shortage of Iraq when the US sanctions were imposed in the 1990s and refused to reclaim its share. After the end of sanctions despite the continuing claims. "

"The government is obliged to negotiate with OPEC to increase Iraq's production and use the current time to achieve a stable economy for the country," adding that "tension between Tehran and Washington will push oil prices to rise in the coming days."

"The government will use the surplus of oil money to support system">support the productive and agricultural sectors to eliminate unemployment."

Saudi Arabia raised production in May, but not enough to offset the drop in Iranian exports after the United States tightened sanctions on Tehran, a Reuters survey found on Saturday. End 25 T

Edited just now by 6ly410

Edited by 6ly410
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Any updates Adam? Waiting for your mentioned  drive by. Lol.

 

Feels like we are close.  But I've felt like we've been close before.   Maybe this is different? Yes? 

 

Damn whiskey glass is empty! Guess I'll go to bed. 

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On 6/1/2019 at 11:27 PM, 6ly410 said:

The Iraqi government has a golden opportunity to increase oil production within the Organization of the Petroleum Exporting Countries (OPEC), the parliamentary committee on economy and investment said on Saturday, pointing out that Saudi Arabia is unable to meet the needs of markets after cutting production.

 

Now add this and you'll have a perfect storm......

 

DinarThug     57,242

DinarThug

LINK

The discovery of the largest oil field in Iraq with huge oil reserves

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2nd June, 2019


Exploration companies have found an oil field in Muthanna province with huge reserves and is the largest in Iraq," sources familiar with oil ministry officials said.

The sources added that "the field is estimated at more than (8) billion barrels and called Aridu (1)."

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