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Iraqi oil exports drop 1 million barrels last month

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Iraqi oil exports drop 1 million barrels last month Empty Iraqi oil exports drop 1 million barrels last month

Post by RamblerNash Sun Feb 11, 2018 12:43 am

Iraqi oil exports drop 1 million barrels last month

Iraqi economy relies on oil exports by 97% ...

10/02/2018 - 23:00 Economy / Iraq

Iraqi oil exports drop 1 million barrels last month 96c0cd1b12ab530252911e023ea0430f_L

In January, Iraqi oil exports recorded a decline of more than 1 million barrels of oil compared to exports in December.

Iraq sold more than 108 million barrels of crude oil from fields in the center and south of the country in January, generating revenues of $ 6.85 billion, or $ 63.29 a barrel, Oil Ministry spokesman Assem Jihad said in a statement on Saturday.

Crude oil exports from the Gulf's southern ports hit 3.490 million bpd in January, the statement said.

The Iraqi Oil Ministry announced the export of 109 million and 573 thousand barrels of oil during last December.

Iraq is the second largest oil producer in the Organization of Petroleum Exporting Countries (OPEC) after Saudi Arabia, with a production capacity of 4.8 million barrels per day.

Iraq relies on its annual oil revenues to export oil by about 97%.

http://www.basnews.com/index.php/ar/economy/2017-01-26-12-23-03/414105
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