Iraq exports more than 10 million barrels of oil and its derivatives to America in a month
Iraq exports more than 10 million barrels of oil and its derivatives to America in a month
2024-07-01 02:12
Shafaq News/ The US Energy Information Administration announced on Monday that Iraq exported more than ten million barrels of crude oil and its derivatives to the United States during the month of April of this year.
A schedule of the administration, which Shafaq News Agency has reviewed, showed that Iraq’s exports of oil and its derivatives in April amounted to 10.512 million barrels, an increase of 3.437 million barrels over what it recorded in March, which amounted to 7.075 million barrels.
The US Energy Information Administration stated that OPEC’s exports of crude oil and its derivatives to America during last April amounted to 40 million and 695 thousand barrels, with Saudi Arabia topping the highest rate of exports with 11 million and 275 thousand barrels during the same time period.
Iraqi oil exports to the United States have witnessed a noticeable increase over recent years, with export numbers in some months reaching record levels, partly due to Iraq’s ability to increase its oil production, in addition to the rise in global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries, and contribute to enhancing the stability of the global oil market and providing energy to the American and global economies.
shafaq.com
