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Iraq imported $3.3 billion in oil products in 2021: SOMO

PM:09:47:15/05/2022

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SULAIMANI — Iraq’s State Organization for Marketing Oil (SOMO) said on Sunday (May 15) Iraq imported 4.71 million tons of oil products worth $3.3 billion in 2021.

The country imported 1.07 million tons of gasoil worth $657.44 million, 3.47 million tons of gasoline worth $2.54 billion and 163,000 tons of kerosene worth $102.34 million, according to SOMO.

Although Iraq is the second-largest producer in OPEC, the country’s industry and oil sector have been adversely affected by repeated wars, poor administration and corruption, causing the country to need to import oil production from outside sources.

(NRT Digital Media)