Iraq sells oil at a loss .. the price of every three barrels equivalent to the cost of producing one barrel
Iraq sells oil at a loss .. the price of every three barrels equivalent to the cost of producing one barrel
02/17/2016
BAGHDAD / JD / .. revealed the Commission on oil and energy parliamentary, for the sale of Iraqi crude oil as a result of the decline in world oil prices at a loss, noting that every three barrels of oil sold at the cost of producing one barrel.
A member of the committee MP Jamal Ahmed told the Panthers / KD /: “The cost of production per barrel of crude oil in Iraq is very high due to licensing rounds, Iraq has sold its oil at less than $ 20 and perhaps 10 dollars during the past period.”
He added that “Iraq has in the past sold the oil in a large loss of the equivalent of every three barrels of production cost of one barrel of crude oil, making the country is going through a major financial crisis, on the grounds that the Iraqi economy is dependent on oil rentier class basis.”
The Oil Ministry has announced a total initial exports of crude oil for the month of January last, which amounted to 101,839,743 barrels (one hundred and one million and Tmnmaip and thirty-nine thousand and seven hundred and forty-three barrels), with a total revenue of 2 billion 262 million dollars (two billion, two hundred and sixty-two Million dollars ) .
She noted that the average daily oil exports for the month of January totaled 3.285 million barrels, noting that the sale price of a barrel averaged $ 22 212 cents ./anthy/8/
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