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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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Iraq's oil revenues begin to go down... Exports drop by more than half a million barrels, and revenu

rocky
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Iraq's oil revenues begin to go down... Exports drop by more than half a million barrels, and revenu Empty Iraq's oil revenues begin to go down... Exports drop by more than half a million barrels, and revenu

Post by rocky Thu 29 Sep 2022, 5:24 am


[size=30]Iraq's oil revenues begin to go down... Exports drop by more than half a million barrels, and revenues drop by 7%


2022-09-29
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Yes Iraq: Baghdad

Iraq's oil revenues began to gradually decline the lower curve with the start of the decline in global oil prices, as well as the problems faced by the Ministry of Oil in the issue of export and production and their decline.
The Iraqi Ministry of Oil announced the total oil exports and revenues achieved for the month of August, according to the final statistics issued by the Iraqi Oil Marketing Company SOMO, which showed the loss of more than half a million barrels, specifically 525 thousand and 521 barrels.
 
Somo said in a statement that "the amount of crude oil exports for the month of August amounted to 101 million and 859 thousand and 528 barrels of oil, with revenues of 9 billion and 688 million and 903 thousand dollars."
 
The statistics indicated that "the total quantities of crude oil exported for the month of August from oil fields in central and southern Iraq amounted to 100 million and 760 thousand barrels, while the quantities exported of Kirkuk oil through Ceyhan port were 1 million and 109 thousand and 628 barrels."
 
And she indicated that "the average price per barrel amounted to 95,120 dollars, pointing out that" the exported quantities were loaded by (32) international companies of several nationalities, from the ports of Basra, Khor al-Amaya and mono-buoys on the Gulf and the Turkish port of Ceyhan.
While August exports amounted to 101.85 million barrels, July exports amounted to 102.38 million barrels, a decline of more than half a million barrels in August.
As for revenues, they decreased significantly, reaching 9.68 billion dollars in August, while in July they amounted to 10.36 billion dollars, which means a loss of about 700 million dollars, once due to the decline in oil prices, which fell in August to 95.1 dollars per barrel. The average price was $101.2 per barrel.
It is clear that the decline in exports by more than 525,000 barrels has caused a loss of nearly 50 million dollars, while the decline in oil prices has caused Iraq to lose more than 600 million dollars.
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