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Iraq exports more than 7 million barrels of crude oil and its derivatives to America in a month
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Economy News _ Baghdad
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Added 06/04/2024 - 10:22 AM
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Economy News _ Baghdad
The US Energy Information Administration announced on Tuesday that Iraq exported more than 7 million barrels of crude oil and its derivatives to the United States during the month of March of this year.
An administration table, seen by Al-Iqtisad News, showed that Iraq's exports of oil and its derivatives in the month of March amounted to 7.75 million barrels, an increase of 2.395 million barrels from what they recorded in February, when they reached 4.680 million barrels.
The US Energy Information Administration stated that OPEC's exports of crude oil and its products to America during February amounted to 38 million and 69 thousand barrels, with Saudi Arabia having the highest rate of exports to America, reaching 11 million and 559 thousand barrels during the same time period.
Iraqi oil exports to the United States have increased significantly 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 rising 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. They also contribute to enhancing the stability of the global oil market and providing energy to the American and global economies.
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Added 06/04/2024 - 10:22 AM
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