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OPEC basket price up to 118.60 dollars on Friday
20/02/2012 17:18
Erbil, February 20 (Rn) - The OPEC basket price, which includes the Iraqi Basrah Light on Friday to 118.60 dollars per barrel.
OPEC said on Monday that the price of its basket of crudes rose to record 118.60 dollars a barrel on Friday from 118.13 dollars a barrel the previous day.
It consists of OPEC basket of 12 crude is a mix deserts of Algeria and raw Gerasol Alanjuli and Iranian crude Heavy, Basra Light of Iraq and export of Kuwait and Sidr Libya and Bonny Light of Nigeria and sea country and Arab Light Saudi Murban UAE and Mary Venezuelan Orient of Ecuador.
Iraq produces 3 million barrels per day per day, only about 2.2 million barrels, and seeks to raise exports to 2.6 million barrels per day this year, according to the plan included in the financial budget of the country that rely on oil imports by 95 per cent.
And Iraq has the fourth-largest oil reserves in the world, and entered into agreements with international energy companies to raise production to 12 million barrels per day by 2017.
Open: Abdullah Sabri
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20/02/2012 17:18
Erbil, February 20 (Rn) - The OPEC basket price, which includes the Iraqi Basrah Light on Friday to 118.60 dollars per barrel.
OPEC said on Monday that the price of its basket of crudes rose to record 118.60 dollars a barrel on Friday from 118.13 dollars a barrel the previous day.
It consists of OPEC basket of 12 crude is a mix deserts of Algeria and raw Gerasol Alanjuli and Iranian crude Heavy, Basra Light of Iraq and export of Kuwait and Sidr Libya and Bonny Light of Nigeria and sea country and Arab Light Saudi Murban UAE and Mary Venezuelan Orient of Ecuador.
Iraq produces 3 million barrels per day per day, only about 2.2 million barrels, and seeks to raise exports to 2.6 million barrels per day this year, according to the plan included in the financial budget of the country that rely on oil imports by 95 per cent.
And Iraq has the fourth-largest oil reserves in the world, and entered into agreements with international energy companies to raise production to 12 million barrels per day by 2017.
Open: Abdullah Sabri
[You must be registered and logged in to see this link.]
