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Oil: 2019 exports reached 1.2 billion barrels
Economy News - Baghdad
The Ministry of Oil announced, on Saturday, that the total oil exports for 2019 amounted to one billion and 287 million barrels, noting that the Chinese and Indian oil companies were the most buying companies for Iraqi oil.
The Oil Marketing Company (SOMO) affiliated to the Ministry said in a statistic on its official website viewed by the "Economy News", that "the total oil exports for the year 2019 amounted to one billion and 287 million and 196 thousand barrels," explaining that "the monthly export rate reached 107 million and 266 thousand barrels, And at a rate of 3 million and 460 thousand barrels per day. "
The company added, "The revenues generated from its sales of crude oil amounted to 78 billion and 527 million dollars, at an rate of 6 billion and 543 million dollars per month," noting that "the average monthly selling price of crude oil was 61 dollars and 6 cents."
The company pointed out that "the total oil exports from the oil fields in Basra and the center, which were exported through the ports of Basra, amounted to one billion and 244 million and 957 thousand barrels, and revenues amounted to 76 billion and 185 million dollars."
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