MNT GOAT
IRAQ ANNOUNCES THAT IT IS CLOSE TO PRODUCING 5 MILLION BARRELS PER DAY
Baghdad – Iraq Today:
Oil Minister Hayyan Abdul Ghani confirmed that Iraq is close to reaching an extraction capacity of up to 5 million barrels of oil per day, while revealing the current volume of gas production, indicating that Iraq is ranked 12th globally in the volume of storage.
Abdul Ghani said in a press interview that “the Iraqi oil industry plays an important role in shaping the future of the national economy, and plays a great responsibility in supplementing the economy and advancing its burdens, especially with its reliance mainly on oil amid serious and real attempts to diversify the national economy and its sources of income.”
He added that “the Ministry of Oil is approaching coherent steps to reach in the extraction sector an extraction capacity estimated at 5 million barrels per day despite serious restrictions on oil markets and restricting the quotas of OPEC countries in order to support the stability and balance of prices.”
(F.Y.I.) In 1991, Iraq’s crude oil production was approximately 2.5 million barrels per day. (Dinar at around 1 IQD = $3.22 USD)
Fast forward to 2023, the production had increased to around 4.22 million barrels per day (Dinar at around 1 IQD = $0.006)
(Do you see something fishy here? ☹ And now in 2024 they are announcing that it is close to 5 million barrels per day. Oh… but the dinar is still at 1/6 of a penny? It is like they are ignoring the oil assets already on hand in determining the rate of the dinar. Even before the 1991 invasion they were producing 2.5 million barrels per day and the dinar was around $3.22. Now they are producing twice as much oil. So what’s going on here?
I am not giving you this information to hype you up and get you all excited for the new rate. What rate? We still sit here over a year after war sanctions have been lifted. I am doing this to disgust you and make you angry in knowing how they are and have been artificially manipulating the dinar and playing games with Iraq’s wealth, thus the very lives of the people. This should make us all made and sick and tired. Hey…wait a second, aren’t they fully out or sanctions from the wars? So what the hell? ☹)
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