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[size=30]Iraq imported oil derivatives in amounts greater than 7% of the derivatives it exported
2022-12-07
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Yes Iraq: Baghdad
Today, Wednesday, economic expert Nabil Al-Marsoumi revealed the value of oil derivatives that Iraq exported and imported during the 9 months of this year.
Al-Marsoumi said in a post seen by “Yas Iraq”, that “Iraq’s imports of oil derivatives from 1/1 to 9/30/2022
Kerosene = 1.027 billion dollars
White oil = $68.551 million
Gasoline = $3.151 billion
Total imports of oil derivatives = 4.247 billion dollars.
Iraq's imports of gasoline represented the largest proportion (74%) of oil derivatives, with about 2.151 million tons.
He added, "Iraq's exports of oil derivatives are from 1/1 to 9/30/2022."
Heavy fuel oil or black oil = $3.164 billion
Naphtha = 729.971 million dollars
Natural gasoline = 57.568 million dollars
Sulfur = 19.763 million dollars
Total exports of oil derivatives = 3.971 billion dollars.
And Al-Marsoumi indicated that “black oil, which represents the bulk of oil derivatives exports (80%), is a remnant of the refining industry and is sold at a price lower than the price of a barrel of crude oil, as its average price during the aforementioned period reached 77 dollars per barrel, while the average price of a barrel of Iraqi oil reached The sold crude is $99.”
Accordingly, the value of Iraq's imports of oil derivatives is greater than exports by 7%.
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