Saturday, 6 Mar 2021

Iraq is the third largest oil exporter to China in 2020

Baghdad, Chinese government data showed, today, Wednesday, that Iraq ranked third as the largest oil exporter to China during the past year 2020.

According to the data, the Chinese demand for oil remained strong last year even with the spread of the Covid-19 pandemic, as it imported 542.4 million tons during 2020, or the equivalent of 10.85 million barrels per day, an increase of 7.3% over the previous year.

It explained that Iraq’s oil exports rose to China during the past year 2020 by 16.1 percent to 60.12 million tons, or about 715 thousand barrels per day, in 2020 compared to the previous year, to occupy the third largest supplier of oil to China.

It added that “Saudi Arabia ranked first in oil exports to China during the past year, reaching 84.92 million tons, or about 1.69 million barrels per day, an increase of 1.9 percent over the previous year.”

It indicated that Russia came in second place, with shipments of 83.57 million tons, or 1.67 million barrels per day, an increase of 7.6% over 2019.

 

Source: National Iraqi News Agency

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