Iraq sold nearly $ 3.5 billion of oil last month
Iraq sold nearly $ 3.5 billion of oil last month
08/25/2020 14:01:13
{Baghdad: Al Furat News} The Ministry of Oil announced, on Tuesday, the total oil exports and revenues achieved for the month of July, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO).
A spokesman for the Ministry of Oil, Assem Jihad, said in a press statement that “the amount of exports of crude oil amounted to (85) million and (663) thousand and (290) barrels (eighty-five million six hundred and sixty-three thousand and ninety two hundred barrels), with revenues of (3). One billion and (491) million and (767) thousand dollars. ”
He added that “the total exported quantities of crude oil for the month of July from the oil fields in central and southern Iraq amounted to (82) million and (700) thousand and (381) barrels, with revenues amounting to more than (3) billion and (366) million and ( 66) thousand dollars, while the exported quantities of Kirkuk oil through the port of Ceyhan were (2) million and (701) thousand and (15) barrels, with revenues of more than (118) million and (536) thousand and (773) dollars, while The quantities exported to Jordan were more than (261) thousand and (894) barrels with revenues amounting to more than (7) million and (164) thousand and (134) dollars. ”
Jihad continued, “The average price per barrel amounted to (40,762) dollars,” noting that “the exported quantities were loaded by (30) international companies of various nationalities, from the ports of Basra and Khor Al-Amaya and unilateral buoys on the Gulf and the Turkish port of Ceyhan.”
He pointed out that “the quantities and revenues of the exported crude oil shipments that were marketed at a price premium to achieve additional revenue during the month of July, totaling (38) million and (822) thousand and (827) dollars.”
He explained, “The ministry, through its belief in informing the people of export operations and the revenues generated from it, has taken this monthly procedure.”
alforatnews.com
