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Iraq oil exports rise to 2.622mn bpd in October  BAGHDAD: Iraq's oil exports rose to 2.622 million barrels per day (bpd) in October from 2.6 million the previous month, the oil ministry said on Thursday.   The total revenue derived from oil last month was $8.578 million, with the average selling price for one barrel of oil at $105.5, the ministry said.   Copyright Reuters, 2012 ...

Algeria 2012 oil product imports up, to fall in 2013  ALGIERS: Algeria's imports of refined oil products this year may reach 3 million tonnes but will fall sharply in 2013, a senior official at state energy firm Sonatrach said on Sunday.   "Our imports will be between 2.5 million and 3 million tonnes for the full year. There will be little imported as of the end of February when maintenance work at refineries will be over," Yamina Hamdi, vice-president for commercial activity at Sonatrach, told reporters on ...
Yemen LNG pipeline expected to be repaired in a week  DUBAI: A gas pipeline feeding Yemen's only liquefied natural gas (LNG) export terminal will take around a week to be repaired following an attack on it last week, the country's oil minister was quoted as saying.   The 320-km (200-mile) gas pipeline that links block 18 to the Belhaf terminal on the Gulf of Aden was attacked on Oct. 31.   Technical teams were immediately sent to repair the damage, and believe the work can be finished in about ...
Egypt to import gas from Algeria, in talks with Qatar  CAIRO: Egypt, a gas producer and exporter, has agreed to import Algerian gas but is still discussing amounts, the prime minister said on Wednesday, a move that might be aimed at helping Egypt meet its own export contracts while domestic demand rises.   Prime Minister Hisham Kandil, who recently returned from a trip to Algeria, told reporters that Egypt was also in talks to import gas from Qatar.   Egypt has two LNG plants and a pipeline to export ...
Iraq BAGHDAD: Iraqi Kurdistan has agreed to export 250,000 barrels of oil per day (bpd) in 2013 if Baghdad pays operators in the autonomous region, the Kurdish regional government (KRG) said.    "The two sides agreed for Kurdistan to export 250,000 barrels of oil per day on the condition that the Iraqi government makes payments to the oil companies in Kurdistan," the KRG said on the Arabic page of its website.   Copyright Reuters, 2012 ...
Iraq targets oil output of 9-10 mbpd by 2020  BAGHDAD: Iraq is aiming to produce 5-6 million barrels of oil per day (bpd) by 2015, with a view to reaching a target of 9-10 million bpd by 2020, a level that could be sustained for 20 years, the Deputy Prime Minister for Energy said on Wednesday.   Iraq's oil production, which stagnated for years due to wars and sanctions, started to rise in earnest in 2010, after Baghdad secured service contracts with companies such as BP ...
IEA says Iraq oil output to more than double by 2020 LONDON: Iraq could more than double its current daily oil production by 2020, vastly boosting its economy and helping to bring stability to global energy markets, the International Energy Agency forecast on Tuesday.   The country's crude oil output could grow to 6.1 million barrels per day (mbpd) in eight years' time from about 3.0 mbpd currently, the IEA said as it unveiled its Iraq Energy Outlook report in London.   The Paris-based IEA added that Iraq stood to ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln