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Iraq exports to America more than 4 million barrels of oil
Economical 05/02/2024
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The US Energy Information Administration announced yesterday, Wednesday, that Iraq exported more than 4 million barrels of crude oil and its derivatives to the United States during the month of February of this year.
The administration's table showed that Iraq's exports of oil and its derivatives in February amounted to 4.680 million barrels, 2.42 million barrels lower than what they recorded in January, when they reached 6.722 million barrels.
The US Energy Information Administration stated that OPEC's exports of crude oil and its products to America during February amounted to 28 million and 59 thousand barrels, with Saudi Arabia having the highest rate of exports to America, reaching 10 million and 79 thousand barrels during the same time period.
Iraqi oil exports to the United States have witnessed a noticeable increase over recent years, with export numbers in some months reaching record levels, partly due to Iraq's ability to increase its oil production, in addition to the rise in global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries, and also contribute to enhancing the stability of the global oil market and providing energy to the American and global economies.
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