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Friday, October 28, 2016

OPEC manipulating Numbers to show a lower production output from Iraq and Iran.


OPEC manipulating Numbers to show a lower production output from Iraq and Iran. (taz).

While Iraq requested to be exempt from OPEC’s oil freeze and has puts its September output about 335,000 barrels per day more than OPEC’s estimated figure for September, another member of Cartel, Iran, claims its oil production last month was 3.89 million barrels per day (mb/d), while OPEC's figure for Iran was 3.665 mb/d.

"OPEC’s statistics based on secondary resources are not true. Iran’s output was 3.89 mb/d in September," an official from National Iranian Oil Company (NIOC) told Trend on conditions of anonymity Oct.27.

Before, Ali Kardor, the head of NIOC told Trend Oct.17 that OPEC has put Iran’s oil output figure about 250,000 barrels per day less than the real volume.

Iraq announced this week that it is at war with terrorist groups and needs to be exempted from OPEC’s oil freeze plan.

PS: Russia won't cut production output either.

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