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High oil revenues, despite lower exports
On: Tuesday 21/2/2012 7:31
Baghdad / follow-term
yields rose oil last January to more than 7.123 billion dollars, despite the decline in exports slightly from the previous month after an act of sabotage in the north of the country. said the spokesman of the Ministry of Oil, Assem Jihad told AFP that the total Iraq's exports of crude oil in January
Reached 65.3 per barrel average price of 109.081 dollars per barrel. The total exports of Iraqi crude oil in the month of December amounted to 66.5 million barrels at an average price of $ 106.180 per barrel. He attributed the ministry's spokesman slight decrease in the rate of export to sabotage the long oil pipeline north of the country in early February this. The highest rates for export in 2011 of 69 million barrels in May, worth 7.470 billion dollars. Jihad said that despite the decline of export, but the country has made imports more than it made last December, because of the high oil prices.
He explained that Iraq has made in January revenues of $ 7.123 billion, compared with 7.061 billion in December. The amount of oil exported through the ports of Basra and Khor al-Amaya on the Persian Gulf (south) and the Turkish port of Ceyhan on the Mediterranean Sea in addition to the tanker trucks to Jordan. Iraq produces 2.9 million barrels of oil per day, and emits more than two million, but these rates are still lower than those during the former regime. The oil revenues, 94 percent of the country's revenues. Iraq has the third oil reserves in the world is estimated at 115 billion barrels after Saudi Arabia and Iran. The Ministry of Oil announced that Iraq has achieved 82.988 billion from oil exports over the past year, while revenue amounted to 52.2 billion in 2010. Thus, Iraq has achieved an increase of sixty percent of the proceeds of 2010.
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