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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 exports of gas condensate rise by 200%, and revenues amount to a quarter of a billion dollars

    rocky
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    Iraq's exports of gas condensate rise by 200%, and revenues amount to a quarter of a billion dollars Empty Iraq's exports of gas condensate rise by 200%, and revenues amount to a quarter of a billion dollars

    Post by rocky Mon Dec 05, 2022 8:58 am


    [size=30]Iraq's exports of gas condensate rise by 200%, and revenues amount to a quarter of a billion dollars during the whole year


    2022-12-05
    [/size]
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    Yes Iraq: Baghdad

    Today, Monday, the Ministry of Oil counted the amount of gas condensate exported over the past 11 months, while indicating that it intends to export 3 shipments of gas condensate during the current month.
    The director of the commercial body in the Basra Gas Company affiliated with the ministry, Sultan al-Maliki, said, "The company has exported, as of the first day of December, 27 shipments (ships), of gas condensate, amounting to 438,000 tons."
    He added, "The company is in the process of exporting 3 shipments of gas condensate during the current month of December, at a rate of 16,000 tons per shipment."
    Accordingly, it means that Iraq will export 486 thousand tons of gas condensate during the current year.
    Gas condensate is a low-density mixture of several hydrocarbon liquids found in the form of gases in raw natural gas extracted from many natural gas fields. These materials condense from raw gas when its temperature drops below the hydrocarbon dew point for that gas.
    Natural gas condensate is often referred to as condensate or gas condensate, and sometimes it is referred to as natural gasoline because it contains hydrocarbons with boiling points that match the boiling points of the constituents of gasoline.
    According to previous data, Iraq “exported 139,000 tons of condensate in 2021, at a value of $71 million, and Iraq’s exports of liquid gas were estimated at 456,000 tons, at a value of $288 million.”
    Accordingly, Iraq's condensate exports increased during the current year by more than 200%.
    It is clear that the price of a ton of gas condensate is more than 500 dollars per ton, and thus the value of what Iraq exports of gas condensate during the current year will reach 248 million dollars, or about a quarter of a billion dollars.
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