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Iraq breaks its record and achieves the highest oil revenues in six years

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Iraq breaks its record and achieves the highest oil revenues in six years

Post by RamblerNash on Sun Oct 07, 2018 3:12 pm

Iraq breaks its record and achieves the highest oil revenues in six years

Twilight News

3 hours ago

(Reuters) - Iraq's monthly revenues from oil exports exceeded their highest levels, reaching $ 7.91 billion last September.

Iraq has not achieved those levels of monthly revenue from oil exports since 2012.

Historical data of the Organization of Petroleum Exporting Countries, on Iraq's oil revenues showed that the average monthly revenue exceeded $ 7.9 billion during 2012.

Iraq was unable to achieve these revenues throughout In the last six years, where the price of a barrel of Iraqi oil decreased in the annual average of $ 106 in 2012 to $ 33.8 per barrel in 2016.

Iraq's crude oil exports in September declined by 9.87%, on a monthly basis, to reach 106.79 million Barrels, compared to 111.61 million barrels in August of the year Larry.

According to the data of the Iraqi oil export company, "Sumo", Iraq's revenues from oil exports during September of this year increased by 62.09% year on year, by 2.2% compared to levels in August last.

The price of the barrel rose to $ 74.09, an increase of 47.50% last September on an annual basis, and rose by 6.37% compared to its levels in August.


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