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Iraq yielded $3 billion from black oil sales in 2021

Category: Economy

Date: 2022-04-09T18:18:24+0000
Iraq yielded $3 billion from black oil sales in 2021

Shafaq News/ Iraq's state-owned oil marketer, SOMO, on Saturday said that the black oil sales added three billion dollars to the Iraqi treasury in 2021.

The Ministry said that these revenues are independent income yielded from the crude oil sales.

The Ministry's statement came after media reports accusing SOMO of negligence and turning a blind eye to transboundary black oil smuggling operations.

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