The US Energy Information Administration announced on Wednesday that Iraq exported more than 8 million barrels of crude oil and its derivatives to the United States during November 2024.
A schedule of the administration, which Shafaq News Agency reviewed, showed that “Iraq exported about 8 million and 510 thousand barrels of oil and its products during the month of November,” indicating that this quantity “is greater than the month of October, which amounted to 6 million and 800 thousand barrels.”
The US Energy Information Administration stated that “the total crude oil exported from Iraq to America in November amounted to 6.718 million barrels, while the remaining 1.792 million barrels were petroleum derivatives, including 1.788 million barrels of non-condensate oils and four thousand barrels of remaining fuel oil.”
Iraqi oil exports to the United States have increased significantly over recent years, with export figures reaching record levels in some months, due in part to Iraq’s ability to increase its oil production, as well as rising global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries, and contribute to enhancing the stability of the global oil market and providing energy to the American and global economies.
