Around 20 days have passed starting from the beginning of the decrease in oil costs, which has ignited fears about the size of the misfortune that Iraq, which is vigorously subject to oil, will cause , and the chance of its effect on compensations.
Even though assurances were given that salaries would not be affected by the current level of decline in oil prices—salaries could still be paid even if the price of oil reached $60 per barrel—Iraq actually suffered a significant loss in September for two different reasons compared to previous months.
Also, I looked at the average prices over the past few months, both short-term and long-term, and did calculations to figure out how much you lost. Iraq Throughout the course of recent days.
It worked out that the costs of Iraqi oil during the fifth months for the rest of the seventh were going at a normal of somewhere in the range of $88 and $79 per barrel as a base, and that intends that on typical the cost of a barrel of Iraqi oil can be viewed as $84 per barrel as a base, however in August the normal cost of a barrel became $75 per barrel.
The average price of a barrel of Iraqi oil since the beginning of September has been $70, representing a loss of $14 per barrel compared to the average price over the previous months.
In like manner, while issuingIraq3.3 million barrels in September as per the OPEC understanding, and that implies that Iraq He lost about $925 million over the most recent 20 days alone.
Iraq issued more from 3.4 million barrels in August and July, but its exports decreased to 3.3 million barrels in September, which is another factor that resulted in a loss for Iraq as a means of compensating for the surplus production. At the same time, he was Iraq. Iraq During the previous months as per the OPEC understanding.
In addition, Iraq will suffer a loss of $140 million over the past 20 days as a result of the export loss of 100,000 barrels per day and the loss of $925 million as a result of the decline in oil prices. This implies that Iraq lost in 20 days more One billion bucks.
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