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[size=30]Iraq's oil revenues rose 83% compared to 2020, Manar Al-Obaidi
2021-12-02
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Manar Al-Obaidi wrote:
Iraq’s annual sales of crude oil exceeded the one billion barrels of oil barrier until November 2021,
and the amount of sold oil reached one billion barrels, a decrease of 0.75% compared to the same period in 2020 and a decrease of 15% compared to 2019.
As for the level of revenues, the total oil revenues until 2021 amounted to 68.22 billion dollars, an increase of 83% compared to 2020 and a decrease of 5% compared to 2019, where the value of sales until November 2019 was 71.85 billion US dollars, and
thus the general average price of a barrel of Iraqi oil sold during 2021 $68.18, an increase of 83% compared to the average price of a barrel in 2020, where the average price was $37. And an increase of 12% compared to the same period in 2019, where the average price of a barrel sold in 2019 was 60.85 dollars,
and the daily export rate of Iraqi oil in 2021 was 3.032 million barrels per day, while the daily export rate of Iraqi oil in 2020 was 3.054 million barrels and in 2019 the export rate was Today 3.57 million barrels
Depending on the sales above, Iraq achieved a surplus in oil sales, amounting to 20 billion dollars, compared to what was scheduled for it in the 2020 budget, which adopted the price of a barrel of oil in the budget 45 dollars
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