Iraq exports more than 62 million barrels of crude oil and its derivatives to America
Iraq exports more than 62 million barrels of crude oil and its derivatives to America
2024-11-23 02:30
Shafaq News/ The US Energy Information Administration announced on Saturday that Iraq exported more than 62 million barrels of crude oil and its derivatives to the United States during 8 months of the current year 2024.
A schedule of the administration, which Shafaq News Agency reviewed, showed that Iraq’s exports of oil and its derivatives during 8 months of the current year amounted to 62 million and 901 thousand barrels.
She added that Iraq exported about 7 million and 984 thousand barrels of oil and its products during the month of August, down from 8 million and 868 thousand barrels in July.
The US Energy Information Administration stated that OPEC’s exports of crude oil and its products to America during the 8 months of the current year amounted to 310 million and 417 thousand barrels, with Saudi Arabia leading the highest rate of exports to America, amounting to 89 million and 729 thousand barrels during the same period of time.
Iraqi oil exports to the United States have increased significantly over recent years, with export figures reaching record levels in some months, due in part to Iraq’s ability to increase its oil production, as well as rising 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
