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OPEC basket price up to 119.20 dollars on Monday
21/02/2012 14:21
Erbil, February 21 (Rn) - The OPEC basket price, which includes the Iraqi Basrah Light on Monday to 119.20 dollars per barrel.
OPEC said on Tuesday that the price of its basket of crudes rose to record 119.20 dollars a barrel on Monday from 118.60 dollars per barrel in the previous session, according to Reuters.
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 said Tuesday that the country's oil exports during the month of January last amounted to 65.3 million barrels compared to 66.5 million barrels in December.
Nevertheless, exports registered an increase in revenue due to higher prices last month affected by the crisis in the region and Iran's threats to close the Strait of Hormuz, which reflects the dynamic of it about 40 per cent of the oil transported by sea.
And made Iraq last month revenue of $ 7.123 billion versus $ 7.061 billion dollars in December.
The daily export rate to 2.166 million barrels of total production of about 3 million barrels. The highest rates for export in 2011 of 69 million barrels in May and went to $ 7.47 billion dollars.
And seeks to raise exports to 2.6 million barrels per day during the current year according to the plan included in the budget of the country's financial dependent on oil imports by 95 per cent.
And Iraq has the fourth-largest oil reserves in the world is estimated at 115 billion barrels, 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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21/02/2012 14:21
Erbil, February 21 (Rn) - The OPEC basket price, which includes the Iraqi Basrah Light on Monday to 119.20 dollars per barrel.
OPEC said on Tuesday that the price of its basket of crudes rose to record 119.20 dollars a barrel on Monday from 118.60 dollars per barrel in the previous session, according to Reuters.
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 said Tuesday that the country's oil exports during the month of January last amounted to 65.3 million barrels compared to 66.5 million barrels in December.
Nevertheless, exports registered an increase in revenue due to higher prices last month affected by the crisis in the region and Iran's threats to close the Strait of Hormuz, which reflects the dynamic of it about 40 per cent of the oil transported by sea.
And made Iraq last month revenue of $ 7.123 billion versus $ 7.061 billion dollars in December.
The daily export rate to 2.166 million barrels of total production of about 3 million barrels. The highest rates for export in 2011 of 69 million barrels in May and went to $ 7.47 billion dollars.
And seeks to raise exports to 2.6 million barrels per day during the current year according to the plan included in the budget of the country's financial dependent on oil imports by 95 per cent.
And Iraq has the fourth-largest oil reserves in the world is estimated at 115 billion barrels, 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.]
