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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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    In numbers: a decline in revenues from Iraqi oil exports to Europe

    Rocky
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    In numbers: a decline in revenues from Iraqi oil exports to Europe Empty In numbers: a decline in revenues from Iraqi oil exports to Europe

    Post by Rocky Wed 11 Oct 2023, 4:17 am

    [size=35][size=35]In numbers: a decline in revenues from Iraqi oil exports to Europe[/size]
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    Economy

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    2023-10-11 | 03:13
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    Al-Sumaria News - Economy

    Revenues from Iraqi oil exports to Europe recorded a significant decline in September (2023); It decreased by about $570 million, compared to the revenues recorded in the previous August, which amounted to about $2.11 billion.


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    According to statistics; The total revenues of Iraqi oil exports during the past month recorded about 9.494 billion dollars, compared to the revenues of August 2023, amounting to 8.846 billion dollars.

    It is noteworthy that the total revenues from Iraqi oil exports to [You must be registered and logged in to see this link.], during the period between January 2023 and last August, amounted to about $10.92 billion, according to monthly statistics published by the [url=https://www.alsumaria.tv/Entity/4133799049/%D8%B4%D8%B1%D9%83%D8%A9 %D8%AA%D8%B3%D9%88%D9%8A%D9%82 %D8%A7%D9%84%D9%86%D9%81%D8%B7 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9/ar/]Iraqi Oil Marketing Company[/url] “SOMO.”



    *Revenues from Iraqi oil exports to [You must be registered and logged in to see this link.] in September
    . During the month of September 2023, revenues from Iraqi oil exports to [You must be registered and logged in to see this link.] were about $1.54 billion, lower by about $567 million than the revenues of the previous month, which amounted to $2.11 billion, and also lower than the revenues of the previous month, which amounted to $2.11 billion. July, which grossed $1.6 billion.

    The quantities of Iraqi oil exported to European markets amounted to about 16.6 million barrels, down by about 9.2 million barrels from the quantities exported during the previous month of August, which amounted to 25.8 million barrels, according to the specialized energy platform .

    By adding the revenues achieved in September 2023 to the revenues from Iraqi oil exports to [You must be registered and logged in to see this link.] during the first 8 months, the total value of exports during the current year (2023), so far, becomes about 12.46 billion dollars.

    Official data show that revenues from Iraqi oil exports to [You must be registered and logged in to see this link.] recorded a decline for the first time in 3 months, after they had continued to rise in different amounts on a monthly basis. It recorded its lowest rate last February 2023, at about $982 million, after exporting 13.8 million barrels.

    *The volume of Iraqi exports to [You must be registered and logged in to see this link.].
    The month of September 2023 witnessed the export of 16 million 568 thousand and 311 barrels, while the price of a barrel of Iraqi oil in that month was about 93.23 dollars, higher than the price of a barrel recorded in August, which amounted to about 81.66 dollars. The volume of exports for the previous month amounted to 25 million 842 thousand and 614 barrels.

    In July 2023, Iraq's exports of crude oil recorded about 20 million 505 thousand and 964 barrels, with an average price of about 78.53 dollars per barrel, meaning exports recorded about 1.61 billion dollars.

    In June, Iraqi oil export revenues to [You must be registered and logged in to see this link.] amounted to about $1.07 billion, with an export volume of 15,734,19 barrels, while the average price of a barrel of Iraqi oil - at the time - was about $67.84.

    The volume of Iraqi oil exports to [You must be registered and logged in to see this link.] in May amounted to about 21 million, 402,379 barrels, with an average price per barrel of 66.03 US dollars, bringing export revenues to [You must be registered and logged in to see this link.] to about 1.41 billion dollars.

    As for April; The volume of revenues from Iraqi oil exports to [You must be registered and logged in to see this link.] amounted to about 1.14 billion dollars, with the volume of exports reaching 15 million 568 thousand and 71 barrels, while the average price of a barrel recorded about 73.37 dollars.

    It is noteworthy that Baghdad has been seeking to increase its oil exports to the European market, since October 2022, to benefit from its revenues to develop and maximize its financial resources, and achieve greater expansion in foreign markets, while trying to open new markets.

    Source: Specialized Energy Platform

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