Revenues from Iraqi oil exports to Europe continue to recover monthly, as they recorded during last August (2023) about $2.11 billion, after exporting 25.8 million barrels, an increase of more than 5.3 million barrels from the previous month of July.
Total oil export revenues to the European market amounted to $10.92 billion from the beginning of this year until the end of August, according to data seen by the specialized energy platform.
Baghdad has been working to increase its oil exports to the European market, since October of last year (2022), according to reports viewed by the specialized energy platform, as it benefits from the revenues of these exports to develop and maximize its financial resources, in addition to achieving a greater spread in foreign markets, While trying to open new markets.
Official data indicate that the revenues of Iraqi oil exports to Europe continue to grow in different volumes monthly, as it had recorded its lowest rate during the current year, in February, at about $982 million, after exporting 13.8 million barrels, according to data published by the company. oil marketingSumo“.
The volume of Iraqi exports to Europe
Last August 2023, revenues from Iraqi oil exports to Europe recorded about $2.11 billion, after exporting about 25,842,614 barrels, while the price of a barrel of Iraqi oil in that month was about $81.66 on average.
In the previous month of July, these exports recorded about 20 million 505 thousand and 964 barrels, with an average price per barrel of about $78.53, i.e. exports recorded about $1.61 billion, according to the figures monitored by the specialized energy platform.
The following infographic, prepared by the specialized energy platform, shows Iraqi oil export revenues in the first half of 2023:
Revenues from Iraqi oil exports to Europe in June 2023 were about $1.07 billion, after exporting quantities of 15,734,19 barrels, while the average price of a barrel of Iraqi oil – at the time – was about $67.84.
The volume of Iraqi exports of crude oil to the European market, in May of this year, amounted to about 21,402,379 barrels, with an average price per barrel of $66.03, bringing export revenues to Europe to about $1.41 billion.
In April 2023, revenues from Iraqi oil exports to Europe amounted to about $1.14 billion, as the volume of exports amounted to about 15,568,071 barrels, while the average price of Iraqi oil in that month was about $73.37 per barrel.
Export revenues for the first quarter of 2023
In March 2023, revenues from Iraqi oil exports to Europe were recorded at about $1.53 billion, as the volume of shipments of Iraqi crude to the European market at that time amounted to about 21,630,020 barrels, while the average price of a barrel of Iraqi oil was about $70.99.
The month of February of this year was the lowest in terms of the volume of shipments and their revenues, as it recorded about 13 million, 766 thousand and 924 barrels, with an average price per barrel of $ 71.31, so that revenues for this month decreased – for the first and last time so far in 2023 – below the barrier of one billion dollars. , registered $982 million, according to figures monitored by the specialized energy platform.
While in January 2023, revenues from Iraqi oil exports to Europe recorded about $1.12 billion, as the volume of shipments exported to the European market amounted to about 15,622,574 barrels, with an average price of $72.16 per barrel, according to data from the oil marketing company “SOMO”. .
Iraqi oil exports
It is noteworthy that the total Iraqi oil export revenues, during the month of August, recorded about 8.846 billion dollars, an increase of about 553 million dollars over the revenues of July 2023, which recorded 8.293 billion dollars.
The volume of Iraq’s exports of crude oil during the past month amounted to about 106,122,874 barrels, compared to July’s quantities of about 106,755,169 barrels, according to the figures seen by the specialized energy platform.
The following chart, prepared by the specialized energy platform, shows the volume of Iraqi oil export revenues during the month of August 2023:
At the same time, the volume of daily exports of Iraqi oil amounted to about 3.423 million barrels per day, compared with daily exports during the previous month of July, which amounted to about 3.444 million barrels per day, and about 3.335 million barrels per day recorded in June.
During the month of August, total Iraqi oil exports from the fields of central and southern Iraq amounted to about 105,236,963 barrels, while the volume of quantities exported to Jordan amounted to about 464,725 barrels, while exports from Qayyarah were 421,186 barrels.
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2023-09-03 17:20:38
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