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[size=36]The drop in oil causes Iraq to lose $ 11 billion in four months[/size]
Economy | 12:40 - 05/11/2020
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Baghdad - Mawazine News
Iraq lost nearly $ 11 billion as a result of the drop in oil prices during the first four months of this year compared to last year.
Statistics published by the Oil Marketing Company (SOMO) showed that "Iraq sold nearly 409 million 962 and 972 barrels of crude oil during the first four months of the current year 2020, at an average price of nearly $ 38, while total revenue reached 15 billion and 391 One million and 201 thousand dollars. "
Statistics showed that "Iraq sold during the first four months of last year 2019 quantities of oil amounting to 423 million and 284 thousand and 489 barrels at an average price of $ 62, and revenues of 26 billion and 275 million and 283 thousand dollars."
Oil prices decreased significantly after the outbreak of the Corona virus, as a result of the almost complete cessation of economic life in the countries of the world, which reduced the demand for oil and the prices collapsed in general, especially in the month of April of this year.
Statistics published by the Oil Marketing Company (SOMO) showed that "Iraq sold nearly 409 million 962 and 972 barrels of crude oil during the first four months of the current year 2020, at an average price of nearly $ 38, while total revenue reached 15 billion and 391 One million and 201 thousand dollars. "
Statistics showed that "Iraq sold during the first four months of last year 2019 quantities of oil amounting to 423 million and 284 thousand and 489 barrels at an average price of $ 62, and revenues of 26 billion and 275 million and 283 thousand dollars."
Oil prices decreased significantly after the outbreak of the Corona virus, as a result of the almost complete cessation of economic life in the countries of the world, which reduced the demand for oil and the prices collapsed in general, especially in the month of April of this year.
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