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Iraq's crude oil exports rose 3.7 per cent in December to 66.5 million barrels, generating $7.06 billion in revenue, an Oil Ministry spokesman said today
Average daily crude exports for the month reached 2.15 million barrels, spokesman Asim Jihad said in an e-mailed statement. Iraq exported 64.1 million barrels of crude in November, yielding $6.83bn, according to the website of the State Oil Marketing Organisation.
Iraq, the third-largest oil producer among the Organisation of Petroleum Exporting Countries, plans to boost output capacity this year to 3.4 million barrels a day and export capacity to 2.6 million barrels, Oil Minister Abdul Kareem al-Luaibi said January 18. Exports will benefit from four new offshore loading facilities in the Arabian Gulf that will go into service by 2013. Each can handle 850,000 barrels a day, he said.
Revenue in December from the southern oil center of Basra climbed to $5.72bn on 53.7 million barrels in exports, Jihad said. Sales from the northern oil hub of Kirkuk reached $1.34 million on shipments of 12.8 million barrels, he said. The average price of oil was $106.18 a barrel in December, Jihad added.
Iraq, which holds the world's fifth-largest crude deposits including Canadian oil sands according BP Plc data, has granted 15 oil and gas licenses since the 2003 US-led invasion. The Oil Ministry plans a new round of licenses for oil and natural- gas exploration on April 11-12.
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Average daily crude exports for the month reached 2.15 million barrels, spokesman Asim Jihad said in an e-mailed statement. Iraq exported 64.1 million barrels of crude in November, yielding $6.83bn, according to the website of the State Oil Marketing Organisation.
Iraq, the third-largest oil producer among the Organisation of Petroleum Exporting Countries, plans to boost output capacity this year to 3.4 million barrels a day and export capacity to 2.6 million barrels, Oil Minister Abdul Kareem al-Luaibi said January 18. Exports will benefit from four new offshore loading facilities in the Arabian Gulf that will go into service by 2013. Each can handle 850,000 barrels a day, he said.
Revenue in December from the southern oil center of Basra climbed to $5.72bn on 53.7 million barrels in exports, Jihad said. Sales from the northern oil hub of Kirkuk reached $1.34 million on shipments of 12.8 million barrels, he said. The average price of oil was $106.18 a barrel in December, Jihad added.
Iraq, which holds the world's fifth-largest crude deposits including Canadian oil sands according BP Plc data, has granted 15 oil and gas licenses since the 2003 US-led invasion. The Oil Ministry plans a new round of licenses for oil and natural- gas exploration on April 11-12.
[You must be registered and logged in to see this link.]
