In Numbers: The Rise In Internal Debt In Iraq, 12 MAY

 In Numbers: The Rise In Internal Debt In Iraq

Time: 05/12/2024 Read: 624 times   {Economic: Al-Furat News} An economic expert revealed that the total internal debt in Iraq increased during the month of last April.

Manar Al-Obaidi said in a statement, a copy of which was received by {Al-Furat News}, that "the total internal debt last April rose to 76.9 trillion dinars, up from the previous month of March by 5%, as the total internal debt of Iraq was 73.2 trillion dinars."

He pointed out that the total debt increased "by 10.39% compared to April 2023, as the total internal debt at that time was 69.7 trillion dinars."   LINK

Iraq Is The Largest Producer.. OPEC+ Is Pumping Higher Than Scheduled And In Anticipation Of The June Meeting

Energy  Economy News _ Baghdad  OPEC+ crude oil production decreased by 210,000 barrels per day on a monthly basis, to 41.04 million barrels per day last April.

This came according to a survey conducted by S&P Global Commodity, as Russia began implementing a deeper production cut amid a series of Ukrainian drone attacks on its refineries.

However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas, according to the survey.

However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas.

The two countries exceeded excess production by nearly 1 million barrels per day in early 2024, and committed to compensate for this between May and the end of December 2023, and these plans were adjusted depending on future production and OPEC+ policy decisions based on the data.

Iraq and Kazakhstan continued to produce beyond quotas, despite their pledge to compensate for their surplus production in early 2024.

As for the June meeting, the production data for last April will be the talk available to OPEC+ ministers when they meet to determine production levels, and analysts expect the group to extend the current quotas and voluntary cuts.

Iraq produced above its quota last April, when production reached 4.24 million barrels per day, a decrease of only 4%, compared to the previous month, which amounted to 4.28 million barrels per day. Thus, it produced above its quota by 240 thousand barrels per day. Views 20 05/12/2024 - https://economy-news.net/content.php?id=43343