SOMO- $ 42 billion in oil revenue in 2020

Baghdad  The Oil Marketing Company / SOMO / announced the volume of revenues from oil exports during the year 2020.

The General Manager of the company, Alaa Al-Yasiri, said, according to the official News Agency: “the volume of revenue achieved from exporting oil through the company for the year 2020 amounted to 42 billion dollars, while the current December revenue reached more than 4 billion dollars, for a sale price of 49 dollars per barrel.

He added, “Iraq exports about 3 million barrels per day after the reduction decision, following the OPEC + agreement.”

Al-Yasiri expected: “Oil prices will improve despite the new strain of Corona.”


Source: National Iraqi News Agency