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[size=38]Economist: Iraq Will Get 180 Billion Dollars From The Annual Rise In Oil Prices
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LAST UPDATE 06/23/2022 | 10:21 AM
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The Information / Baghdad…
The economic expert, Safwan Qusay, explained that Iraq will get 180 billion dollars in the event that oil prices continue to rise until the end of the current year, pointing out that the Russian-Ukrainian crisis is one of the reasons for this rise.
The economic expert, Safwan Qusay, explained that Iraq will get 180 billion dollars in the event that oil prices continue to rise until the end of the current year, pointing out that the Russian-Ukrainian crisis is one of the reasons for this rise.
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Qusay told "Al-Maalouma", that "OPEC allowed Iraq to increase its exports by 72 thousand barrels, i.e. 150 percent of the previously agreed increase, meaning that the monthly rate of increase is It will be 47,000 barrels.”
He added, "The Russian-Ukrainian wars and the current conditions have brought oil prices to an average of $120 per barrel, meaning that Iraq will get $1 billion annually if oil prices increase by one dollar per day for a whole year."
Qusay explained, "The average price since the beginning of the year has exceeded 90 dollars per barrel, meaning that Iraq's revenues will be at a rate of 90 billion dollars for the current year, and if the rise continues, Iraq will earn 180 billion dollars by the end of the year." finished 25
Qusay told "Al-Maalouma", that "OPEC allowed Iraq to increase its exports by 72 thousand barrels, i.e. 150 percent of the previously agreed increase, meaning that the monthly rate of increase is It will be 47,000 barrels.”
He added, "The Russian-Ukrainian wars and the current conditions have brought oil prices to an average of $120 per barrel, meaning that Iraq will get $1 billion annually if oil prices increase by one dollar per day for a whole year."
Qusay explained, "The average price since the beginning of the year has exceeded 90 dollars per barrel, meaning that Iraq's revenues will be at a rate of 90 billion dollars for the current year, and if the rise continues, Iraq will earn 180 billion dollars by the end of the year." finished 25
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