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$ 78 billion in Iraqi oil revenue for 2019 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

$ 78 billion in Iraqi oil revenue for 2019

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$ 78 billion in Iraqi oil revenue for 2019 Empty $ 78 billion in Iraqi oil revenue for 2019

Post by RamblerNash on Fri Jan 03, 2020 10:39 pm

$ 78 billion in Iraqi oil revenue for 2019

$ 78 billion in Iraqi oil revenue for 2019 1351

Sumo company building

Economy News - Baghdad

The Oil Marketing Company (SOMO) confirmed that the financial revenues generated from the sale of oil amounted to $ 78 billion in 2019.

The general manager of the company, Alaa Al-Yasiri, said in a statement reported by the official news agency "Waaa" and viewed by "Al-Iqtisad News", that "the total quantities of crude oil exported from the fields of Basra reached nearly three million and 350 thousand barrels per day", indicating that "the rate of sales Kirkuk fields have reached approximately 100 thousand barrels per day, while the Qayyara fields have reached 25 thousand barrels of oil per day. "

He explained that "the average annual price of the oil market for 2019 was close to $ 61 a barrel," noting that "this price will go up according to the price of Brent."

He pointed out that "the recent agreement of OPEC had a clear impact on the oil market for companies producing crude oil, and it was a good reader for the global market, which noticed that the quantity supplied exceeded the quantity demanded."

He noted that "the biggest factor controlling the market price currently is the balance in terms of supply and demand for oil."


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