02 Aug 2011
(MENAFN) Head of the Iraqi State Oil Marketing Organization (SOMO), Falah Alamri, said that the country’s oil exports went down to 2.164 million barrels per day (bpd) last month compared to 2.275 million bpd reported a month before, reported Arab News.
Alamri said that the reason behind the decrease in exports was the increase in local domestic consumption of electricity in the summer, pushing up the local usage of crude oil.
It is worth noting that Iraqi’s struggle with high temperatures in summer which frequently hits 50 degrees Celsius.
The country had been pushing towards more oil production since the beginning of the current year.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more