TLM724 Administrator BondLady’s Corner
Because Of Its Inability To Cover Global Demand .. Iraq Raises Its Compliance With The Decisions Of OPEC
Energy Economy News _ Baghdad 13 OPEC countries pumped 28.19 million barrels per day of crude oil during the month of January, an increase of 150,000 barrels per day from December. While the nine non-OPEC countries pumped 13.99 million barrels per day, an increase of 10 thousand barrels per day.
In a survey, Standard & Poor’s Global Platts said 14 out of 18 members had quotas that did not meet their targets, raising the OPEC+ compliance rate to 120.8%, the highest level since the group imposed record production cuts in the spring of 2020 to pull the oil market out of the crash. Epidemiological.
According to the survey, Iraq faced a production obstruction due to bad weather and technical issues, as it pumped 4.26 million barrels per day in January, a decrease of 50 thousand barrels per day and increased its commitment rate by 105.7%.
Russia and Saudi Arabia pumped 10.08 million barrels per day in January, and also failed to reach their quotas of 10.122 million barrels per day, while the UAE slightly exceeded its quota in January with a commitment rate of 94.4%, as it pumped 2.93 million barrels per day.
Venezuela, which is exempt from the quota under the OPEC+ deal, has seen a major slowdown as reduced supplies of thinners slashed production from additional heavy oil fields and the survey found it produced 630,000 bpd in January, down 120,000 bpd.
Libya, which is exempt from the quota, also saw production of less than one million barrels per day for the first time since October 2020 due to problems in its southwestern and eastern oil fields. As a result of bad weather which also led to a decline in exports. LINK
Views 208 Date added 10/02/2022
A Slight Rise In Oil Prices, And Brent Recorded $ 91.57 A Barrel
Economie| 08:26 – 10/02/2022 Follow-up – Mawazine News:Oil prices rose slightly on Thursday, due to a decrease in US crude inventories, while investors awaited the outcome of nuclear talks between the United States and Iran that could quickly add crude supplies to global markets. Brent crude futures rose 2 cents, to $91.57 a barrel.
US West Texas Intermediate crude also rose, recording $89.71 a barrel.
The Energy Information Administration said that US crude stocks fell 4.8 million barrels in the week ending February 4, to 410.4 million barrels – the lowest level for commercial stocks since October 2018. Ended 29/A4 https://www.mawazin.net/Details.aspx?jimare=184180
Revealing The Details Of A Phone Call Between Al-Kazemi And The German Chancellor: Immigrants And Investment Are The Most Prominent Axes
Political | 04:27 – 10/02/2022 Baghdad – Mawazine News, Prime Minister Mustafa Al-Kazemi discussed, on Thursday, in a phone call with German Chancellor Olaf Scholz, the bilateral relations between the two countries.
Al-Kazemi congratulated the German Chancellor on assuming his duties, wishing that relations between the two countries would witness further progress and prosperity.
He explained the importance of the German role in participating in the war on terrorism, in which Iraq plays the role of the first responder, and the importance of security and intelligence cooperation in the field of combating terrorism was emphasized.
The phone talks witnessed an emphasis on the importance of investment and the willingness of German companies to participate in the construction of infrastructure projects, as the Prime Minister affirmed the Iraqi market’s welcome to German companies and investments.
The conditions of Iraqi immigrants, and the measures taken to maintain their security and safety, were also discussed.
For his part, the German chancellor praised the growing role of Iraq regionally in convergence of views and calm, and welcomed Iraq’s efforts in the areas of economic reform, and the positive steps taken by the government on the path of reform; Which enhances opportunities for cooperation between the two countries. End 29/h https://www.mawazin.net/Details.aspx?jimare=184229
The President Of The Kurdistan Democratic Party Meets With Talabani And A Close Agreement To Nominate Barzani For The Presidency Of The Republic
Political | 04:54 – 10/02/2022 Baghdad – Mawazine News, President of the Kurdistan Democratic Party, Massoud Barzani, held a meeting with the co-chair of the Patriotic Union, Bafel Talabani, in Erbil.
An informed source said in an interview with / Mawazine News / that “now, a meeting was held between the President of the Kurdistan Democratic Party, Massoud Barzani, and the joint head of the Patriotic Union, Pavel Talabani, at Barzani’s residence in the Salah al-Din resort in the city of Erbil to discuss the file of the Presidency of the Republic.”
He added, “There is a political agreement that is being prepared now to nominate Nechirvan Barzani for the presidency instead of the current candidates,” noting that “parties are pushing for dialogue to announce Nechirvan as a candidate for the blocs that agreed to announce the majority government.” Ended 29 / h LINK
Today, Thursday, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, called for the activation of the Military Industrialization Authority Law.
The media office of the First Deputy Speaker of the House of Representatives said in a statement that “Al-Zamili received today in his office the head of the Military Industrialization Authority, Muhammad Sahib Al-Daraji.”
Al-Zamili said, according to the statement, “Iraq owns a number of companies specialized in military industries, and a large number of national expertise, which qualifies us to start the industrialization phase to meet part of the needs of our security services, which still depend on what is secured through imports, which unfortunately costs the treasury large sums.”
He called for “activating the Military Industrialization Authority Law, as it represents a mainstay for the national security and economy in the country,” stressing “the importance of giving a wide space to the capabilities of the private sector in this matter.” https://www.radionawa.com/all-detail.aspx?jimare=27958
To read more current and reliable Iraqi news please visit BondLady’s Corner:
https://www.bondladyscorner.com/
