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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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    The balance of Iraq's oil exports is heading west... after Baghdad lost about 300,000 barrels per da

    Rocky
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    Baghdad - The balance of Iraq's oil exports is heading west... after Baghdad lost about 300,000 barrels per da Empty The balance of Iraq's oil exports is heading west... after Baghdad lost about 300,000 barrels per da

    Post by Rocky Thu 01 Sep 2022, 5:12 am


    [size=30]The balance of Iraq's oil exports is heading west... after Baghdad lost about 300,000 barrels per day of its share in the Asian market

    2022-08-30
    [/size]
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    Yes Iraq: Baghdad

    Iraqi oil exports began to tilt in the balance from east to west, as sources from SOMO revealed that oil exports to Europe gradually increased after competition in Asian markets.
     
    Reuters news agency reported, quoting a source in the company, that "SOMO began increasing exports to Europe last June," adding that "Iraq adjusted export flows as a result of increased competition in Asian markets."
    "More crude oil exports can be redirected to Europe if necessary," he added.
     
    Indicators of a decline and a decline in the export capacity of Iraqi oil accumulated in the month of July, and this decline hit the quantities of Iraqi oil destined for India and China alike.
     
     
    Iraq loses nearly 200,000 barrels per day of its exports to China
    The data coming from China shows that Iraq was the third largest exporter of oil to government refineries during the month of July, but it decreased compared to last year by more than 22%.
    Where Iraq exported to Chinese government refineries during the month of July of this year the equivalent of (26.499 million barrels) and the equivalent of (854 thousand barrels per day), down by 22.10% over the same period last year.
    Iraq was exporting about one million barrels per day to China, but the Russian competition made Iraq lose about 200,000 barrels per day from its exports to China.
     
     
    Iraq is losing nearly 90,000 barrels per day of its exports to India
    On the other hand, Iraq's oil exports to India, which is the market most consuming Iraqi oil, decreased by 9.3% in July, or nearly 90,000 barrels per day, or more than two million barrels during July, causing losses of nearly a quarter billion dollars according to the price of a barrel that exceeds The $100.
    According to Indian data, its purchases of Iraqi oil decreased by 9.3% in July compared to June, ie it fell to less than one million barrels per day for the first time in 10 months, but it remained in first place as the largest exporter of oil to India.
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