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USA's import of Iraqi oil is nearly 8 million barrels

Category: Iraq News

Date: 2020-09-08T08:43:54+0000
 USA's import of Iraqi oil is nearly 8 million barrels

 

 Shafaq News / The US Energy Information Administration revealed, on Tuesday, that USA imported 7 million 785 thousand barrels of Iraqi crude oil until September.

 The administration said that "USA imported 7 million 785 thousand barrels from Iraq until September 2020," indicating that "these quantities decreased from the same months of 2019 in which USA imported 11 million  634 thousand barrels of Iraqi crude oil.

 It added that "imports of crude oil from Iraq decreased during July and August of this year 2020, reaching 551 thousand and 676 thousand, respectively, compared to the months of January and February, where imports amounted to one million and 375 thousand barrels and one million and 444 thousand barrels, respectively."

 It is noteworthy that Iraq sets its prices to Asia on the light of the reference to Dubai and Oman crude, while its prices are set to Europe in light of the Brent mixture, and its prices for USA are set in light of the reference to Texas crude.


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