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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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    Increased revenues from Iraqi oil exports to Europe

    Rocky
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    Increased revenues from Iraqi oil exports to Europe Empty Increased revenues from Iraqi oil exports to Europe

    Post by Rocky Thu 02 Nov 2023, 7:13 am

    Increased revenues from Iraqi oil exports to Europe

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    Economy News _ Baghdad
    Iraqi oil export revenues to Europe witnessed an increase in October (2023), by about $505 million, compared to revenues recorded in September of $1.54 billion.
    The revenues generated from the sale of Iraqi oil to Europe during the month of September fell by about 570 million dollars, compared to the revenues recorded in the previous August, which amounted to about 2.11 billion dollars, according to monthly statistics published by the Iraqi Oil Marketing Company “SOMO.” .
    Statistics revealed that the total revenues of Iraqi oil exports during last October recorded $9.669 billion, compared to $9.494 billion recorded in September.
    Revenues from Iraqi oil exports to Europe in October
    During the month of October 2023, revenues from Iraqi oil exports to Europe amounted to about $2.045 billion, higher than the revenues of the previous September, which amounted to $1.54 billion, by more than half a billion dollars.
    It is noteworthy that revenues for the month of August 2023 achieved about 2.11 billion dollars, while revenues in July recorded about 1.6 billion dollars, according to the specialized energy platform.
    The quantities of Iraqi oil exported to European markets in October 2023 amounted to about 23.8 million barrels, an increase of 7.2 million barrels over the quantities exported during the month of September, which amounted to about 16.6 million barrels.
    It is noteworthy that the total revenues from Iraqi oil exports to Europe recorded, during the first nine months of this year, about 12.46 billion dollars, in the period between January (2023) and September, and by adding the revenues of October, the total becomes Revenue towards. $14.5 billion.
    The volume of Iraqi exports to Europe:
    Last October witnessed the export of about 23 million 812 thousand 198 barrels, compared to exports last September, which amounted to about 16 million 568 thousand 311 barrels, while the price of a barrel of Iraqi oil reached about 85.86 dollars. , compared to $93.23 during September.
    The price of a barrel of Iraqi oil was recorded last August at about $81.66, but the volume of exports this month amounted to 25 million 842 thousand and 614 barrels, an increase of more than 9 million barrels over September, according to the specialized energy platform.
    In July 2023, the quantities of Iraqi oil exported to Europe recorded approximately 20 million 505 thousand and 964 barrels, with an average price of approximately 78.53 dollars per barrel, meaning exports recorded approximately 1.61 billion dollars.
    In June, Iraqi oil export revenues to Europe were about $1.07 billion, with the volume of exports reaching 15,734,19 barrels, while the average price of a barrel of Iraqi oil in that month was about $67.84.
    The volume of Iraq's exports to Europe in May was 21 million, 402,379 barrels, with an average price per barrel of 66.03 US dollars, bringing revenues from Iraqi oil exports to Europe to about 1.41 billion dollars.
    Iraq has been working to increase oil exports to the European market for about 12 months, with the aim of achieving great benefit from oil revenues to develop and maximize Baghdad’s financial resources, in addition to opening new markets and enhancing the spread of Iraqi oil in global markets.
     


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