Iraq increases oil export terminals / $7 billion oil revenue in January

According to the report of the International Economic Group of the Fars news agency, quoted by the Iraqi state news agency.Waa), the Iraqi Oil Marketing Company (SOMO) today Tuesday, while confirming the country’s efforts to find new terminals for the transfer and sale of Iraqi oil abroad, about the amount of damage caused by the recent Turkish earthquake in the export of Iraqi oil in Ceyhan port. informed.

Alaa Eliasri, Managing Director of Sumo Company, said: According to the letter of the Northern Oil Company No. P/51/41-5/88180 dated February 15th of this year (Bahman 26), as a result of the recent earthquake in Turkey, some crude oil from the roof of the company’s tanks North oil has been spilled and wasted, which was estimated to be around 4,823 barrels.

He emphasized: due to the presence of Kirkuk crude oil in the tanks of North Oil Company in Ceyhan port, the earthquake did not affect the amount of exports planned for February 2023, because a few days after the earthquake on February 10th, pumping from the Saralu station It resumed towards the port of Turkey.

Elyasiri emphasized about the diversity of Iraq’s oil transfer terminals that the Iraqi Ministry of Oil is trying to adopt an effective strategy for the goals of this government program, based on which the Ministry’s strategic plans and goals regarding the protection of oil resources and optimal use can be achieved. from them and their development based on the best practices to ensure their sustainability and to strengthen the national economy in production and marketing.

He said: Sumo Oil Marketing Company, by taking study steps for the feasibility of implementing marketing projects, seeks to expand the horizon of transactions in the global oil market and find new mechanisms. This will increase marketing flexibility and increase the produced quantities of Iraqi crude oil intended for export, guarantee a constant demand for Iraqi oil in the world markets, maximize resources as much as possible and support the national economy, and try to establish new terminals. It continues to achieve these desirable goals.

Iraq’s oil exports are loaded by 36 international companies from different countries and from the ports of Basra, Khoral Zubair, Al-Awamat and Ceyhan port in northern Iraq.

Sumo Company also announced that the country spent five billion 299 million 817 thousand 129 dollars to import oil derivatives including kerosene, gasoline and fuel oil in 2022.

According to this report, the import of kerosene to Iraq in 2022 will be 167 thousand 433 metric tons at a cost of 159 million 247 thousand 224 dollars and the import of gasoline will be 3 million 691 thousand 709 tons at a cost of 3 billion 873 million and It was 905 thousand 285 dollars.

Iraq’s fuel oil import in 2022 was 1 million 195 thousand 566 tons worth 1 billion 266 million 637 thousand 620 dollars. This company considered the volume of Iraq’s oil derivatives import in 2022 to increase by 60.43% compared to 2021.

Iraq’s Ministry of Oil announced yesterday, Monday, that the country’s crude oil exports last January were 101 million 245 thousand 95 barrels, which earned about seven billion 663 million 788 thousand dollars for Iraq.
According to these statistics, the total amount of crude oil exports last January from central and southern Iraqi oil fields was 98,460,500 barrels and from Ceyhan port in Kirkuk oil field was 2,475,516 barrels. The average price of a barrel of oil this month was 75 dollars and 695 cents.

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