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Oil Exports Plunge to 19-mth Low

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1Oil Exports Plunge to 19-mth Low Empty Oil Exports Plunge to 19-mth Low Mon Oct 28, 2013 11:01 am

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Oil Exports Plunge to 19-mth Low
Posted on October 28, 2013 by Editor
By John Lee.

Oil ministry spokesman Assem Jihad said on Sunday that Iraq’s oil exports hit a 19-month low in September, attributing the decline to maintenance and improvement projects at the country’s ports.

Iraq exported 62.1 million barrels of oil in September, or about 2.07 million barrels per day (bpd), the lowest daily average since February 2012.

The country earned $6.511 billion from the exports, its lowest monthly figure in over a year.

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