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Iraq's oil exports to independent Chinese refineries rose last May
Shafaq News/ The Chinese Customs Administration announced on Thursday that Iraqi oil exports to the independent Chinese refineries amounted to 32 refineries during the month of May 2022.
And the administration showed in its statistics, seen by Shafak News Agency, that "Iraq's oil exports to independent Chinese refineries rose in May by 278.6% to reach 530 thousand metric tons, or the equivalent of (3 million and 763 thousand barrels) compared to April 2022, which amounted to 140 thousand. metric tons, or the equivalent of (994 thousand barrels), and it rose by 9.3% compared to the same month of last year 2021, in which oil exports to China amounted to 485,000 tons, or the equivalent of (3 million and 443 thousand barrels).
And she added, "Iraq ranked eighth among the top ten oil exporters to independent Chinese refineries, after leaving them during the month of April," noting that "Iraq came after Russia, which came first in exporting (two million and 200 thousand tons), and Malaysia came after all of Russia. Secondly, with exports (one million and 900 thousand tons), and Saudi Arabia came third with exports (one million and 891 thousand tons), and then Oman came fourth with exports (865 thousand tons).
It added that Angola came fifth with exports of 791 thousand tons, then Colombia came sixth with exports of 548 thousand tons, the UAE came seventh with exports amounting to 537,000 tons, Iraq came eighth, then Norway and Kazakhstan came ninth and tenth, respectively, with exports amounting to 140 thousand tons.
She noted that "independent Chinese refiners will find it very difficult to resist Russian crude and will make their prices relatively reasonable compared to shipping crude oil all the way from Brazil, which was one of the importing countries."
In addition, dealers said some volumes of Iranian crude have replaced Brazilian supplies, as crude oil from both Russia and Iran have been offered at discounts on Brent crude futures.
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And the administration showed in its statistics, seen by Shafak News Agency, that "Iraq's oil exports to independent Chinese refineries rose in May by 278.6% to reach 530 thousand metric tons, or the equivalent of (3 million and 763 thousand barrels) compared to April 2022, which amounted to 140 thousand. metric tons, or the equivalent of (994 thousand barrels), and it rose by 9.3% compared to the same month of last year 2021, in which oil exports to China amounted to 485,000 tons, or the equivalent of (3 million and 443 thousand barrels).
And she added, "Iraq ranked eighth among the top ten oil exporters to independent Chinese refineries, after leaving them during the month of April," noting that "Iraq came after Russia, which came first in exporting (two million and 200 thousand tons), and Malaysia came after all of Russia. Secondly, with exports (one million and 900 thousand tons), and Saudi Arabia came third with exports (one million and 891 thousand tons), and then Oman came fourth with exports (865 thousand tons).
It added that Angola came fifth with exports of 791 thousand tons, then Colombia came sixth with exports of 548 thousand tons, the UAE came seventh with exports amounting to 537,000 tons, Iraq came eighth, then Norway and Kazakhstan came ninth and tenth, respectively, with exports amounting to 140 thousand tons.
She noted that "independent Chinese refiners will find it very difficult to resist Russian crude and will make their prices relatively reasonable compared to shipping crude oil all the way from Brazil, which was one of the importing countries."
In addition, dealers said some volumes of Iranian crude have replaced Brazilian supplies, as crude oil from both Russia and Iran have been offered at discounts on Brent crude futures.
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