11 Quotes by Shamkhi Faraj

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.

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.

I think an OPEC price ceiling of US$40-US$50 a barrel is favorable for the organization's members.

I think an OPEC price ceiling of $40-$50 a barrel is favorable for the organization's members.

OPEC's scheduled meeting in June is too far and it needs to meet again either at the end of April or beginning of May.

We don't have much money available for imports.

The prevailing idea among member countries is to maintain the official production ceiling of the organization.

The organization is now producing 2 million barrels a day over its official production ceiling of 28 million b/d.

The new minister will have a lot to do; the sector needs somebody to get it out of a bad situation.