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oil exports up 15% in March

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Post by mustlovedogs Sun Apr 22, 2012 5:46 pm

Iraq oil exports jump nearly 15 percent in March

oil exports up 15% in March Image001-png_162613Associated Press – 11 hrs ago













BAGHDAD (AP) — Iraq says oil exports jumped by 15 percent in March compared to the previous month, putting them at the highest level the nation has seen since 1989.

Oil Ministry spokesman Assem Jihad said Sunday that last month's oil exports averaged 2.31 million barrels a day, up from an average of 2.01 million barrels a day in February.

He added that the sales grossed $8.472 billion, an increase of nearly 28.5 percent from February's revenues of $6.595 billion.

The oil was sold to a 28 international oil companies.

Iraq relies on oil exports for 95 percent of its revenues. The increase is attributed to the inauguration of a new export terminal in the Persian Gulf last month.

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Post by jbish422 Sun Apr 22, 2012 7:40 pm

I thought that to be a part of International trade,they had to have an internationally traded currency?? Are they now in Opec??

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Post by HeadNotTheTail Sun Apr 22, 2012 8:51 pm

Theirs is, Just at a Low rate .....at contractor Levels and Government Levels there has Been an Operating Rate that Has been Negotiated with Contractors and Iraq so to keep them in country and working. IMF had to assist them in coming to an agreement so to keep the Ball rolling. If You Buy Forex Web Site you will see a Floating rate.

Symbol Bid Ask High Low Open Change Time
USD/IQD oil exports up 15% in March Arrow-r 1,136.3000 oil exports up 15% in March Arrow-g 1,181.6000 1,136.3000 1,136.3000 1,136.3000 oil exports up 15% in March Nochange 0.0000 04:31
USD/VND oil exports up 15% in March Arrow-r 20,502.0000 oil exports up 15% in March Arrow-g 21,107.0000 20,502.0000 20,502.0000 20,502.0000 oil exports up 15% in March Nochange 0.0000 04:31
USD/CNY oil exports up 15% in March Arrow-g 6.3088 oil exports up 15% in March Arrow-g 6.3108 6.3091 6.3074 6.3074 oil exports up 15% in March Arrow-g 0.0014 20:49
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