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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 exported only 73% of its production quota for May.. 3 different possibilities behind it

    Rocky
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    Iraq exported only 73% of its production quota for May.. 3 different possibilities behind it Empty Iraq exported only 73% of its production quota for May.. 3 different possibilities behind it

    Post by Rocky Fri 01 Jul 2022, 5:24 am


    [size=30]Iraq exported only 73% of its production quota for May.. 3 different possibilities behind it

    2022-06-30
    [/size]
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    Yes Iraq: Special

    Today, Thursday, the statistics of the Iraqi Oil Marketing Company “SOMO” revealed the quantities exported of crude oil during the month of May. of 1.1 million barrels per day in domestic consumption.
    According to Somo's statement, "the final statistics showed that the amount of crude oil exports amounted to 102 million, 303 thousand and 20 barrels, with revenues of 11 billion and 477 million and 496 thousand dollars."
    Accordingly, Iraq exported 3.3 million barrels per day, which means exporting only 73% of Iraq's production share according to the OPEC agreement, which in May amounts to 4.461 million barrels per day, which raises questions about whether Iraq has used about 1.1 million barrels per day in domestic consumption. .
    And she added, "The total quantities of crude oil exported for the month of May from oil fields in central and southern Iraq amounted to 98,946,914 barrels, while the quantities exported from Kirkuk oil through Ceyhan port were 3,2 million, and 133 barrels."
    And she indicated that "the average price per barrel amounted to 112.191 dollars," noting that "additional revenues were achieved from selling quantities of shipments of crude oil exported at a price premium, as the total revenue amounted to 71 million dollars."
    She explained that "the exported quantities were loaded by 35 international companies of different nationalities, from the ports of Basra, Khor al-Amaya, mono-buoys on the Gulf, and the Turkish port of Ceyhan."
     
    By comparing oil exports with Iraq’s production quota in May, 3 possibilities are raised, as exporting only 73% of production, it may mean that Iraq did not primarily produce its full share of more than 4.4 million barrels per day, or that it produced it, but its domestic consumption amounted to more than 1.1 million barrels per day, or he produced it, but was unable to export more than 3.3 million barrels per day due to the limited export capacity of Iraq’s ports, which means the accumulation of oil in tanks.
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