SOMO reveals revenue for 2020 from oil export

Economy

31-12-2020, 15:02

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Baghdad - INA

The oil marketing company "SOMO" revealed the volume of revenues for 2020 from oil export.

The general manager of the company, Alaa Al-Yasiri, said, in an interview with the Iraqi News Agency (INA), which will be published at a later time, that "the volume of revenue achieved from the export of oil through the company for the year 2020 amounted to 42 billion dollars, while the current December revenue reached more than 4 Billions of dollars at the selling price of 49 dollars a barrel.”

He added, "Iraq exports about 3 million barrels per day after the decision to reduce the impact of the OPEC Plus agreement, expecting that oil prices will improve despite the new strain of Corona."