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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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Sumo: Iraq's reserves of crude oil are sufficient for 80 years

rocky
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Sumo: Iraq's reserves of crude oil are sufficient for 80 years Empty Sumo: Iraq's reserves of crude oil are sufficient for 80 years

Post by rocky Wed 17 Aug 2022, 5:33 am

[size=38]Sumo: Iraq's reserves of crude oil are sufficient for 80 years[/size]


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Baghdad / Obelisk: The director of the National Oil Marketing Company “SOMO” revealed, on Wednesday, August 17, 2022, about Iraq’s reserves of crude oil.
Alaa Al-Yasiri said in a press statement followed by the obelisk: Iraq's reserves of crude oil are considered the fifth in the world and constitute (8.7%) of global reserves and 17% of the reserves of the Middle East, and the proven oil reserves in Iraq, according to the statistical report of the Organization of Arab Petroleum Exporting Countries (OAPEC) OAPEC) for the years (2016-2020), (148.4) billion barrels, and according to OPEC estimates for the year 2021, it amounted to (145.019) billion barrels.
He added, "Based on these data, the proven reserves of crude oil will suffice for nearly (80) years if we assume that Iraq's production rate is 5 million barrels per day, and of course this is without calculating the uncertain reserves."
He pointed out that "Iraq exports its oil to three global markets (Asian, European and American), but the most prominent of these markets and the most in demand for Iraqi crude oil is Asian, as we export to it by more than 70% of the total quantity available for export."
He pointed out that "the selling price of Iraqi crude oil for the month of June 2022 amounted to an average of (112,209) dollars per barrel, and the types of oil that Iraq currently exports are (Basra Medium Crude, Basra Heavy Crude and Kirkuk Crude).”


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