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The Organization of Arab Petroleum Exporting Countries, OAPEC, announced that the average price of Iraqi oil exports amounted to 97.4 dollars during the year 2022, indicating that Iraq ranked last among the members of OAPEC in terms of the average price of oil.
The organization said in a report on “the global oil situation – the fourth quarter of 2022,” that “the average price of Iraqi oil exports amounted to 97.4 dollars during the year 2022,” indicating that “the average Iraqi oil price for the first quarter of 2022 amounted to 97.1 dollars, while the average price The oil price for the second quarter was $110.7, the average oil price for the third quarter was $98.1, and the average oil price for the fourth quarter was $83.7.
She added, "The average Iraqi oil price for the fourth quarter of 2022, amounting to $83.7, decreased by a change rate of 13.8% from the average oil price for the first quarter of the same year, while the average oil price increased for the fourth quarter of 2022, amounting to $83.7, with a change rate of 6.76% over the quarter." The fourth of 2021, which is $ 78.4.
He pointed out that “the average Iraqi oil price for the year 2022, amounting to $97.1, ranked last compared to the rest of the average oil prices for OAPEC members, as the average Algerian oil price reached $104.1, the Saudi oil price average $101.47, the average oil price $100.97, and the average Libyan oil price.” $101.1.”
The Organization of Arab Petroleum Exporting Countries (OAPEC) was established as a regional Arab organization of an international character, according to an agreement whose charter was signed in Beirut on January 9, 1968, between the Kingdom of Saudi Arabia, the State of Kuwait, and the State of Libya (the Kingdom of Libya at that time). It was agreed that the State of Kuwait would be the headquarters of the organization, and the main objective of the organization was the cooperation of members in various aspects of economic activity in the petroleum industry, and later the Republic of Algeria, the State of Qatar, the United Arab Emirates, the Kingdom of Bahrain, Qatar, Syria and Egypt joined it.
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