Iraq's revenues from oil exports jump 62% in the first half of 2021
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Iraq's revenues from oil exports jump 62% in the first half of 2021

oil field
07/30/2021
Economy News - Baghdad
Iraq achieved an increase in oil export revenues during the first half of 2021 on an annual basis, despite the decrease in the quantities of crude exported, and with the support of the remarkable improvement witnessed by international oil prices; After absorbing the shocks of the successive waves of the Corona pandemic and improving economic activity.
Revenues from Iraqi oil exports, according to a statistic prepared by "Mubasher" and seen by "Economy News", based on official data from the Iraqi Oil Marketing Company "SOMO", increased by 61.95% during the first half of 2021, with an increase of 12.69 billion dollars compared to revenues The same period last year.
The value of Iraqi crude oil exports amounted to 33.18 billion dollars in the first half of this year, compared to 20.49 billion dollars during the same period in 2020.
Exports rose during April at the highest pace in the first half of 2021, with an increase of 267.5 percent year on year, equivalent to more than $4 billion.
The month of June recorded the highest level of exports during the first half of 2021 at $6.14 billion, achieving an annual increase of 113.95%.
Decreased exported quantities by more than 65 million barrels
Iraq's revenues from oil exports increased in the first half of 2021, despite a decrease in the exported quantities by 10.96 percent during that period, a decline equivalent to 65.01 million barrels.
The total quantities of crude exported by Iraq amounted to 528.16 million barrels, compared to 593.17 million barrels in the first half of 2020.
Exports declined during the first 5 months of this year on an annual basis, but rose during June on an annual basis by about 2.7% to more than 86.76 million barrels.
Exports fell at the highest pace in February, by 15.7% on an annual basis, recording the lowest level of exports during the first half of 2021 by 82.88 million barrels.
The average price of a barrel increased by 81.5%
supporting the growth of Iraqi oil export revenues in the first half of 2021; The average selling price of a barrel of oil increased by 81.5% during that period on an annual basis.
The average price of a barrel of oil during the first half of 2021 amounted to about $62.81, compared to $34.61 in the same period last year, which witnessed a sharp decline in the price of black gold, affected by the Corona pandemic and its impact on global economic activity, as well as the price war between producers due to production before Reaching a policy to support the stability and balance of markets that led to an increase in the price of the barrel.
The price of a barrel of oil fell last year to a level of $14.64 a barrel during the month of April, coinciding with the outbreak of the first wave of the Corona pandemic, knowing that the price in the same month of this year amounted to $62.78 a barrel, rising by 328.85 percent.
Prices reached their peak in the first half of 2021 during the month of June; The price of a barrel increased to $70.80, recording an increase of 108.3% over its value in the same month of last year.
https://economy-news.net/content.php?id=25822
RamblerNash- GURU HUNTER
- Posts : 24064
Join date : 2015-02-19

» IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS
» 553 billion dinars revenues from outlets in the first half of 2021
» Customs revenues exceed 104 billion dinars during the first half of 2021
» A big jump in Iraq's oil exports to America
» Tax Authority: Revenues of the first half of this year exceeded one trillion and 500 billion dinars
» 553 billion dinars revenues from outlets in the first half of 2021
» Customs revenues exceed 104 billion dinars during the first half of 2021
» A big jump in Iraq's oil exports to America
» Tax Authority: Revenues of the first half of this year exceeded one trillion and 500 billion dinars
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad
» CBI sold +3$ billion in forex in May
» Finance agrees with the World Bank to help Iraq by activating the General Authority for Taxes
» Central Bank Governor: The Iraqi banking sector is witnessing development and openness to the outside
» The Central Bank prevents Visa and Master card holders from giving them to any party