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Iraq : Our oil exports in 2017 touched 60 billion dollars Empty Iraq : Our oil exports in 2017 touched 60 billion dollars

Post by Ponee Fri Jan 05, 2018 8:37 am

Iraq : Our oil exports in 2017 touched 60 billion dollars Oil%20(2)[/size][/url]
 
 
Iraq exported about 207 billion barrels of oil last year worth about $ 60 billion at a monthly average price of $ 49 and 214 cents per barrel of oil.
The oil marketing company "Sumo" of the Iraqi Oil Ministry said in a report on Friday that the total oil exports for 2017 amounted to 207 billion and 55 thousand barrels at a monthly export rate of 100 million and 629 thousand barrels and the rate of 3 million and 246 thousand barrels per day.


She pointed out that the revenues from sales of crude oil amounted to 59 billion and 552 million dollars and the rate of 4 billion and 962 thousand dollars per month. She explained that the average monthly selling price of crude oil reached 49 dollars and 214 cents per barrel of oil.


The Iraqi company said that the total exports of oil from the ports of southern Basra amounted to one billion and 201 million and 823 thousand barrels, while the rates of oil exports across the northern line of five million and 800 thousand barrels per month .. He indicated that the average number of companies that bought Iraqi crude oil amounted to 44 global companies.


The Iraqi oil exports from the southern ports recorded unprecedented rates and a record increase in the investment of the crude gas accompanying the oil operations in the Basrah Gas Project by up to 80% in difficult economic conditions.


Iraqi Oil Minister Jabbar Ali al-Luaibi confirmed the high daily export rates of oil from the southern ports to 3 million and 535 thousand barrels per day during the month of December last year, describing them at an unprecedented export rates.


He added that "the ministry had taken earlier in last year a decision to increase the quantities of crude oil pumping from the southern ports in order to achieve an increase in financial revenues and to support the federal budget compensation for the interruption of exports through the northern port.


He pointed out the achievement of an unprecedented increase in the investment of crude gas associated with oil operations in the Basrah Gas project by up to 80% in early January of the new year 2018 compared to the same month of 2017 and the investment capacity of this project to the rate of 900 million standard cubic feet Per day.


He talked about another increase in the investment of raw gas from the fields of the South Gas Company and the Missan Oil Company to reach the rate of 230 million standard cubic feet per day, pledging to achieve other achievements during the new year 2018.


01.05.2018



http://www.shafaaq.com/ar/Ar_NewsReader/83a9708a-d9f6-4910-8d8a-11e8e4420389

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Iraq : Our oil exports in 2017 touched 60 billion dollars Empty Re: Iraq : Our oil exports in 2017 touched 60 billion dollars

Post by Ponee Fri Jan 05, 2018 8:43 am

Oil: Our revenues amounted to more than 59 billion dollars per month during the past year

 



The Ministry of Oil announced today that the total oil exports for the year 2017 amounted to 1 billion and 207 million barrels, noting that revenues amounted to more than 59 billion dollars per month during the past year. 

The oil marketing company "Sumo" of the ministry in a report posted on its website that "the total oil exports for 2017 amounted to one billion and 207 million and 55 thousand barrels," noting that "the monthly export rate of 100 million and 629 thousand barrels and the rate of 3 million and 246 thousand barrels per day "He said. Adding that "revenues from sales of crude oil amounted to 59 billion and 552 million dollars and the rate of 4 billion and 962 thousand dollars per month," noting that "the average monthly selling price of crude oil reached $ 49 and 214 cents." 

He explained that the total oil exports from the ports of Basra amounted to one billion and 201 million and 823 thousand barrels, while the rates of oil exports across the northern line of five million and 800 thousand barrels per month, "pointing out that" the average number of companies that bought Iraqi crude oil amounted to 44 international companies




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Iraq : Our oil exports in 2017 touched 60 billion dollars Empty Re: Iraq : Our oil exports in 2017 touched 60 billion dollars

Post by Ponee Fri Jan 05, 2018 8:43 am

Export of more than one billion barrels of oil during the year 2017 and oil revenues recorded a deficit of 2 trillion dinars
 
Iraq : Our oil exports in 2017 touched 60 billion dollars 1022
Oil worker in southern Iraq
  
Reports
Economy News Baghdad:
 
In 2017, Iraq exported more than one billion barrels of oil worth $ 59.1 billion, failing to implement its oil revenue plan by 2.7%.
 
Oil prices have recovered over the past year as a result of the implementation of OPEC's cut production agreement, with Iraq cutting 200,000 bpd of its output.
 
The analysis unit in "Economy News" calculated the oil source and production and revenues from oil exports during the past year.
 
According to monthly data released by the Ministry of Oil, oil exports during the past 12 months amounted to 1.207 billion barrels, with revenues of 59.1 billion dollars, while the average price of a barrel was 49.15 dollars.
 
The monthly average of oil exports amounted to 100.6 million barrels, while the month of December was the most important month of oil exports, reaching 109.5 million barrels. The month of February was the lowest month for the export of oil, reaching 91.6 million barrels due to the lack of days of the month compared to normal months in addition to weather conditions.
 
According to the budget of 2017, Iraq has to issue 3.750 million barrels per day at $ 44.40, but Iraq has not complied with the annual plan set by the rate of daily exports of oil amounted to 3.354 million barrels deficit of 396 thousand barrels per day, but the price of a barrel of oil rose more than estimated Reaching $ 49.15 a barrel.
 
Iraq was expected in the budget of 2017, to get 71.8 trillion dinars of oil revenues, but he received 69.8 trillion dinars (59.1 billion dollars) to record a deficit of 2 trillion dinars.

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