Iraq's financial revenues exceed $ 3 billion from the sale of oil in a month

 
10/10/2020

Economy News _ Baghdad

The Ministry of Oil announced, on Thursday, the total exports and revenues achieved for the month of September, according to preliminary statistics issued by the governmental Iraqi Oil Marketing Company "SOMO", which witnessed a decrease in these exports to reach 78 million barrels.

"The amount of crude oil exports decreased compared to August to record 78 million and 388 thousand and 619 barrels, with revenues of 3 billion, 167 million and 434 thousand dollars," Sumo said in a statement received by Al-Iqtisad News.

She explained, "The daily rate of exports reached 2.613 million barrels per day," indicating that the exported quantities from Basra amounted to 75 million barrels at a rate of 2 million 500 thousand barrels per day, while the quantities exported from the northern fields through the Turkish port of Ceyhan amounted to 3 million 133 thousand and 834 Barrels, at a rate of 104 thousand barrels per day, indicating that the quantities exported to Jordan amounted to 254 thousand barrels, at a rate of 8.5 thousand barrels per day.

She added that "the average price per barrel amounted to 40,407 dollars a barrel."

And the Ministry of Oil announced on September 25 that the amount of crude oil exports for August amounted to (80) million and (494) thousand barrels, with revenues amounting to (3) billion and (492) million and (767) thousand dollars. "

Iraq exports crude oil through the port of Basra and the oil buoys on the Gulf and through the Turkish port of Ceyhan from the north.

Iraq pledged to reduce one million and 250 thousand barrels during the months of August and September, according to the recent OPEC agreement because of its lack of commitment to the reduction during the months of May and June.

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