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The decline in Iraq's oil revenues in 3 months... and an expert explains the reasons
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Economy News-Baghdad
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Added 02/10/2022 - 11:52 AM
Update 02/10/2022 - 12:49 PM
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Economy News-Baghdad
The economic expert, Nabil Al-Marsoumi, explained the reasons for the decline in Iraq's revenues from the sale of oil in the past three months.
Al-Marsoumi said in a Facebook post that "Iraq's oil revenues decreased last September by more than one billion dollars compared to last August, and by about two billion dollars compared to last July."
He added, "Revenues amounted to $8.773 billion in September, down from $9.784 billion in August and $10.6 billion in July."
He explained that "the reason for the decline is due to the drop in the price of a barrel of Iraqi oil from 104 dollars in July to 96.05 dollars in August and then to 88.83 dollars in September."
He pointed out that "Iraq is still unable to reach its production quota from OPEC Plus, which amounts to 4.651 million barrels per day, while Iraq's current production did not exceed 4.525 million barrels per day."
26 . views
Added 02/10/2022 - 11:52 AM
Update 02/10/2022 - 12:49 PM
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