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FinancialNews


  • 31-03-20

    Average Iraqi oil price is around USD20 per barrel

    (MENAFN) According to Iraqi oil minister, average Iraqi oil price is around USD20 for each barrel, and Iraq sells its oil at two different prices on the European and Eastern markets.


    Iraq exports its oil on the European markets at a worth of USD4 less than recent Brent oil price, as said by Iraqi oil minister, Thamer al-Ghadhban.


    The minister did not say the export prices for Eastern markets.


    He added that, "around 70 percent of Iraq's crude exports go the Asia which is the best in terms of price", "the problem is not only decreasing prices but also momentarily fluctuation in the prices."

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