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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq loses about one billion dollars due to the decline in its exports.

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    Iraq loses about one billion dollars due to the decline in its exports. Empty Iraq loses about one billion dollars due to the decline in its exports.

    Post by Rocky Sat 26 Mar 2022, 8:29 am


    [size=30]Iraq loses about one billion dollars due to the decline in its exports.

    2022-03-26
    [/size]
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    Yes Iraq: Baghdad

    Despite the increase in Iraq’s production share in February compared to January of crude oil, about 44,000 barrels per day, or more than 1.2 million barrels per month, Iraq’s exports fell in February by about 6.5 million barrels compared to January, which are clear and direct results on what Iraq witnessed from the suspension of some fields during the last period.
     
    The Iraqi Oil Marketing Company, SOMO, announced the total oil exports and revenues generated for the month of February, indicating that oil revenues amounted to 8.8 billion dollars.
    The company said in a statement that the amount of crude oil exports amounted to 92 million, 790 thousand and 173 barrels, with revenues of 8 billion and 809 million and 162 thousand US dollars.
    The company indicated that “the total quantities of crude oil exported for the month of February from oil fields in central and southern Iraq amounted to 91 million and 314 thousand and 828 barrels, while the quantities exported from Kirkuk oil through Ceyhan port were 1 million and 475 thousand and 345 barrels, indicating that the average price of a barrel Each amounted to (94,936) dollars.”
    She explained that "the exported quantities were loaded by (34) international companies of different nationalities, from the ports of Basra, Khor Al-Amaya, the mono-buoys on the Gulf and the Turkish port of Ceyhan."
     
    January exports 99.3 million barrels!
    And compared to exports last January, Iraq exported 99.3 million barrels, compared to February, which exported only 92.8 million barrels, which means that Iraq lost more than 6.5 million barrels that it did not export due to the reluctance of production and the closure of some fields.
    In addition, Iraq lost more than 1.2 million barrels in February due to the increase in Iraq's production share according to OPEC, but it did not achieve it, so that the total decline in Iraq's exports during February compared to January is 7.7 million barrels, and by calculating the price of a barrel at 94 dollars, the During February, Iraq lost about 725 million dollars, or nearly one billion dollars. Without it, Iraq's revenues in February would have been 9.5 billion dollars instead of 8.8 billion dollars.
    The Al-Kataa field in Dhi Qar governorate was closed as a result of demonstrations demanding the appointment, as well as the closure of the West Qurna field for maintenance work, which cost Iraq the production of half a million barrels per day.
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