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Oil announces additional revenues of $ 70 million in June
17:21 - 28/07/2019
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Information / Baghdad ..
The Ministry of Oil announced on Sunday that additional revenues for the sale of oil amounted to nearly 70 million dollars during the month of June.
"The Iraqi oil marketing company Sumo was able to achieve additional revenues for the state treasury amounted to (69,942,056,90) US dollars (sixty nine million nine hundred and forty-two thousand and fifty-six dollars and ninety cents)," ministry spokesman Asim Jihad said in a statement received. , From the sale and marketing of instant shipments of quantities during the period from June 2017 to the first week of July 2019.
He added that "this amount is an additional revenue for the state treasury in addition to the basic revenue achieved from the sale of crude oil and export," pointing out that "marketing company and by relying on the study and evaluation of the market and invest opportunities in it to achieve the best possible price premiums on the sale of instant shipments in a month (3) million barrels of Basra heavy crude, as well as the sale and marketing of three other shipments in the amount of (1.8) million and eight hundred thousand barrels of Kirkuk crude oil by announcing them as immediate shipments on the basis of marketing Based on the study and evaluation of the exponent Global Aq. "
He added that "the total additional revenue expected to be achieved from this activity for the month of 2019 will be approximately three million seventy thousand dollars," noting that "marketing the full quantities available for export in addition to the immediate sale of shipments, enhance the position and place of [You must be registered and logged in to see this link.] and increase its share in the global markets."
He added that "this comes within the efforts and efforts of the Ministry of Oil represented by (Sumo) to develop its approved selling methods, including the sale of instant shipments with price premiums for the official selling price, in addition to the resumption of marketing Kirkuk crude oil to the global market by pumping quantities through the pipeline system in Kurdistan Region "
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