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Iraq oil exports for the month of June amounted to 68 million barrels
26/07/2011 15:45
Baghdad, July 26 (Rn) - The State Company for Oil Marketing Organization (SOMO), Tuesday, that oil imports for the month of June amounted to seven Maarat Iraqi dinars after the export of 68 million barrels of crude oil to world markets. The director of the company Falah al-Ameri the Kurdistan News Agency (Rn) announced today that the "General Company for Marketing of Oil (SOMO) was able to sell 68 million barrels of crude oil during the month of June, a value of up to seven billion U.S. dollars at an average price of $ 105 per barrel." He added that "more than 51 million barrels were exported through ports in the province of Basra, while the export of 16 million from the province of Kirkuk, and the remaining quantity was sold through Ahahanat from Baiji to Amman by 10 thousand barrels a day. " and the volume of revenue Iraq's oil for the month of May last $ 7.4 billion for the month of May last, as Iraq exported 53.5 million barrels and reached Iraq's exports to 2,000,225 barrels per day of Iraqi crude oil. and announced that the Iraqi Oil Ministry that it started development of new mechanisms related to the search for markets oil worldwide to facilitate the marketing of three million barrels per day of Iraqi crude oil, saying it is able to market these Quantum streamlined. revealed the Ministry of the Iraqi oil that 60% of crude oil exports to Asian markets the world, saying that Iraq would prefer the market isoforms on the U.S. for not carrying Iraq's money transportation system (transit). and announced to the Commission on oil and energy parliamentary they are recommended to prevent any contract by the Ministry of Oil concerning the establishment of oil projects of medium and large without the cover of a legislative House of Representatives. and the failure of the House of Representatives Bdorth previous pass oil and gas law, which was expected to rise oil situation if approved. The text of the Iraqi constitution, the formation of the Federal Oil, headed by, Chairman Minister or his deputy, under his chairmanship and membership includes both of the Ministers of Oil, Finance, Planning and Development Cooperation in the federal government and the Iraqi Central Bank Governor and a representative from each province, a minister and a representative from each province produced irregularly in the province and the chief executives of major oil corporations with the relationship and that including the Iraqi National Oil Company and Oil Marketing experts deal with matters of oil and gas, finance and the economy to exceed the number three are appointed for a maximum of five years by the Council of Ministers. The oil ministry has declared the month of September / September last year that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil. intends to Iraqi oil exports be increased during the next six years to 12 million barrels per day after obtaining the approval of the international oil (OPEC). of Jafar Wanan RN: Peace Baghdadi
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26/07/2011 15:45
Baghdad, July 26 (Rn) - The State Company for Oil Marketing Organization (SOMO), Tuesday, that oil imports for the month of June amounted to seven Maarat Iraqi dinars after the export of 68 million barrels of crude oil to world markets. The director of the company Falah al-Ameri the Kurdistan News Agency (Rn) announced today that the "General Company for Marketing of Oil (SOMO) was able to sell 68 million barrels of crude oil during the month of June, a value of up to seven billion U.S. dollars at an average price of $ 105 per barrel." He added that "more than 51 million barrels were exported through ports in the province of Basra, while the export of 16 million from the province of Kirkuk, and the remaining quantity was sold through Ahahanat from Baiji to Amman by 10 thousand barrels a day. " and the volume of revenue Iraq's oil for the month of May last $ 7.4 billion for the month of May last, as Iraq exported 53.5 million barrels and reached Iraq's exports to 2,000,225 barrels per day of Iraqi crude oil. and announced that the Iraqi Oil Ministry that it started development of new mechanisms related to the search for markets oil worldwide to facilitate the marketing of three million barrels per day of Iraqi crude oil, saying it is able to market these Quantum streamlined. revealed the Ministry of the Iraqi oil that 60% of crude oil exports to Asian markets the world, saying that Iraq would prefer the market isoforms on the U.S. for not carrying Iraq's money transportation system (transit). and announced to the Commission on oil and energy parliamentary they are recommended to prevent any contract by the Ministry of Oil concerning the establishment of oil projects of medium and large without the cover of a legislative House of Representatives. and the failure of the House of Representatives Bdorth previous pass oil and gas law, which was expected to rise oil situation if approved. The text of the Iraqi constitution, the formation of the Federal Oil, headed by, Chairman Minister or his deputy, under his chairmanship and membership includes both of the Ministers of Oil, Finance, Planning and Development Cooperation in the federal government and the Iraqi Central Bank Governor and a representative from each province, a minister and a representative from each province produced irregularly in the province and the chief executives of major oil corporations with the relationship and that including the Iraqi National Oil Company and Oil Marketing experts deal with matters of oil and gas, finance and the economy to exceed the number three are appointed for a maximum of five years by the Council of Ministers. The oil ministry has declared the month of September / September last year that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil. intends to Iraqi oil exports be increased during the next six years to 12 million barrels per day after obtaining the approval of the international oil (OPEC). of Jafar Wanan RN: Peace Baghdadi
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