The statement showed that the value of exports reached 9.68 billion dollars in August, down from 10.6 billion dollars last July.
In August, the exported quantities amounted to 101.85 million barrels of crude oil, compared to 102.38 million barrels in the previous month.
The total quantities of crude oil exported last month from the fields of central and southern Iraq reached 100.75 million barrels, and the quantities exported of Kirkuk oil through the Turkish port of Ceyhan reached 1.1 million.
He explained, “The exported quantities were loaded by 32 international companies of different nationalities, from the ports of Basra, Khor al-Amaya, mono-buoys on the Gulf and the Turkish port of Ceyhan.”
The average price of a barrel of oil in August amounted to $95.12, down from $103.60 in July, with prices continuing to decline globally, due to fears of recession and the strength of the dollar.
And Iraq, the second largest producer of crude oil in OPEC after Saudi Arabia, with an average daily production of 4.6 million barrels.
The financial revenues generated from Iraqi oil sales until the end of August amounted to about 82 billion dollars, supported by the rise in crude prices.
And the Director General of the National Oil Marketing Company “SOMO” Alaa Al-Yasiri had said, earlier this month, that “the average revenue in the past months was about 11 billion dollars per month, in August the revenue was 10 billion and 200 million dollars due to the low price, which was in Last June was $112 a barrel, in July it was about 101 dollars a barrel, and in August it was 96 dollars,” noting that “the decline is due to many reasons, the most important of which is the inflation in the global economy and the accompanying slowdown, as well as the closures in China.”
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