Iraq exports more than 54 million barrels of oil and its derivatives to America

The US Energy Information Administration announced on Monday that Iraq exported more than 54 million barrels of crude oil and its derivatives to the United States during seven months of the current year.

A schedule of the administration, which Shafaq News Agency reviewed, showed that Iraq’s exports of oil and its derivatives during seven months amounted to 54 million and 917 thousand barrels.

He pointed out that Iraq exported eight million and 868 thousand barrels of crude oil and its derivatives during the month of July, an increase from the month of June, when exports amounted to eight million and 600 thousand barrels.

The US Energy Information Administration stated that OPEC’s exports of crude oil and its derivatives to America during seven months of the current year amounted to 270 million and 853 thousand barrels, with Saudi Arabia leading the highest rate with 79 million and 402 thousand barrels during the same period of time.

Iraqi oil exports to the United States have increased significantly over recent years, with export figures reaching record levels in some months, partly due to Iraq’s ability to increase its oil production, as well as rising global demand for oil.

Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries, and contribute to enhancing the stability of the global oil market and providing energy to the American and global economies.

Shafaq.com