Iraq exports more than 7 million barrels of oil to America in a month
Economy News – Today, the US Energy Information Administration announced that Iraq’s oil exports to America amounted to more than 7 million barrels in the month of February.
And the administration said in a table seen by “Economy News”, that “Iraq exported 7.224 million barrels of crude oil to America during the month of February, at a rate of 258 thousand barrels per day,” down from January, in which Iraqi oil exports to America amounted to 10,044. Millions of barrels, at a rate of 324,000 barrels per day.
He added, “Iraq exported crude oil to America during the first week of February at a rate of 226 thousand barrels per day, while an average of 225 thousand barrels per day was issued in the second week, and an average of 285,000 barrels per day was issued in the third week,” noting that “the fourth week’s exports amounted to 295,000 barrels per day.
The US Energy Information Administration stated that “Iraq ranked fifth in its exports to America during the past month after Canada, Mexico, Saudi Arabia and Colombia, and the second Arab country after Saudi Arabia, whose exports to America reached 10 million, and 584,000 barrels per day,” noting that “Canada ranked in the rank The first as the most oil-exporting country to America, followed by Mexico.”
On Friday, the Iraqi Oil Marketing Company “SOMO” announced that the rate of oil exports and revenues last February was the highest in two years.
The company said in a statement, that Iraq achieved the highest export rate during the month of February last two years, at a rate of 3.314 million barrels per day, and an increase of 112,000 barrels per day over last month.
The company added that Iraq also achieved “the highest financial revenues since 2014 at an amount of 8.54 billion dollars through the Oil Marketing Company (SOMO) exporting all available quantity for export of Basra and Kirkuk crude oil.