So far this month we achieved 1.58 for the average of the first 18 days, and hope we can be for the rest of month we'll be close to 1.5-1.6. For the second half, we hope to do 1.6, maybe a little bit higher towards the end of the year.
More Quotes from Shamkhi Faraj:
The prevailing idea among member countries is to maintain the official production ceiling of the organization.Shamkhi Faraj
We don't have much money available for imports.
Shamkhi Faraj
I think we could talk more on the procedures and possibilities and when they are ready to come in. We are ready to make all the things required for making investment...but they are hesitant because of the security situation.
Shamkhi Faraj
The investment law could take some time and we are not prepared to wait for that long. I think (negotiations) can happen very fast. I am confident that we can do our own legislation within the contract itself to assure the investors that if any new regulation comes through it will not affect them.
Shamkhi Faraj
The organization is now producing 2 million barrels a day over its official production ceiling of 28 million bd.
Shamkhi Faraj
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