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In 2015, Iraqi oil exports nearly 1.1 billion barrels of oil At the end of the year is still added amount

In 2015, Iraqi oil exports nearly 1.1 billion barrels of oil At the end of the year is still added amount

  • Categories:Industry News
  • Author:
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  • Time of issue:2020-03-31 14:57
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In 2015, Iraqi oil exports nearly 1.1 billion barrels of oil At the end of the year is still added amount

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
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Iraq's oil ministry said on Friday, 2015 country exported 1.097 billion barrels of oil, total sales revenue of $49.079 billion. At the end of the last two months, in the face of the international market oil prices, Iraq's oil exports still significantly above the average.

Iraq's oil ministry spokesman Asim Jihad, points out that the country sell 99.7 million barrels of oil in December last year, revenue of $2.973 billion, the previous November sale amount of 100.9 million barrels of crude oil, to a record high, the crude oil in 2015, on average, costs $44.74 a barrel.

Iraq is the world's oil reserves ranks fifth in the country. Because the international oil price continues to cut the nation's finances, Iraq had to continue to increase output. In the past year, oil prices fell more than 30%, Opec to fight for market share to limit oil production from the United States and adopted don't cut hard carry strategy.

Is the second largest oil producer in Opec inside Iraq. Iraq IS now facing a drop in oil prices slowed oil investment problem, at the same time, you have to support and islamist militants fighting expensive military, islamic state (IS) has now occupy large areas of the country's northwest.

On September 2, Morgan Stanley said in a report that Iraq's crude oil output began in 2018 is expected to decline, and Morgan Stanley had predicted in 2020 before Iraq's oil output will be increased year by year.

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