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  • Iraq National Oil Company

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    Aimar Aimaraimar
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    The Iraq National Oil Company extracts and exports oil and natural gas, originally exporting 1.4 million barrels per day but increasing to 3 million barrels per day in a short time. Iraq exports oil to many countries, including Singapore, South Korea, and the United Arab Emirates. Iraq's wars cut off oil production from Iraqi factories, and while the price of oil was around $30 per barrel due to wars and the pandemic, it has since risen to $60 per barrel in the last six months and over 167.96% in the last twelve months for OPEC oil, representing the highest price in the last 5 years.

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    The Iraq National Oil Company extracts and exports oil and natural gas, originally exporting 1.4 million barrels per day but increasing to 3 million barrels per day in a short time. Iraq exports oil to many countries, including Singapore, South Korea, and the United Arab Emirates. Iraq's wars cut off oil production from Iraqi factories, and while the price of oil was around $30 per barrel due to wars and the pandemic, it has since risen to $60 per barrel in the last six months and over 167.96% in the last twelve months for OPEC oil, representing the highest price in the last 5 years.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    14 views1 page

    Iraq National Oil Company

    Uploaded by

    Aimar Aimaraimar
    The Iraq National Oil Company extracts and exports oil and natural gas, originally exporting 1.4 million barrels per day but increasing to 3 million barrels per day in a short time. Iraq exports oil to many countries, including Singapore, South Korea, and the United Arab Emirates. Iraq's wars cut off oil production from Iraqi factories, and while the price of oil was around $30 per barrel due to wars and the pandemic, it has since risen to $60 per barrel in the last six months and over 167.96% in the last twelve months for OPEC oil, representing the highest price in the last 5 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    IRAQ NATIONAL OIL

    COMPANY

    THE IRAQ OIL IS EXPORTED TO

    Some of Iraq's oil The United Arab Iraq exports a lot of Iraq and India share

    has been exported Emirates has been a refined oil to South a good relationship

    to Singapore. very good buyer from Korea in the sale of oil

    Iraq.

    THE MAIN ACTIVITY OF THE COMPANY


    The main activity of the company is the extraction and

    export of oil and natural gas. At the beginning, the

    company only exported 1.4 million barrels per day, but in a

    very short time the company managed to increase its

    production to 3 million barrels per day.

    Iraq's wars cut off oil

    production from all Iraqi

    factories

    THE PRICE OF THE OIL IN 2021

    Due to Iraq's economic necessity, the price of oil is around

    60 dollars. The oil wars and the coronavirus have caused

    oil to rise in half a year from 30 to 60 dollars per barrel

    and in the last twelve months OPEC oil has risen by

    167.96%.

    THE HIG
    HEST
    PRICE
    IN THE L
    AST 5
    YEARS!
    !!!

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