All
 

 

Just in:  

You are here: Home»World»Business & Economy»Iraq oil exports down, income up in January

oil_400BAGHDAD: Iraq's oil exports dropped slightly in January but its income from oil sales was up due to higher prices per barrel, oil ministry figures published on Monday showed.

Iraq exported 65.3 million barrels of crude in January, down from 66.5 million barrels the month before, according to the figures.

But Iraq's income from oil sales was $7.123 billion last month, up from $7.061 billion in December.

Average prices per barrel were up in January, at $109.081, versus an average of $106.18 in December.

Oil sales account for the vast majority of the Iraqi government's income and around two-thirds of gross domestic product.

Iraq currently produces about 2.9 million barrels per day, and exported an around 2.1 million bpd in 2011.

Oil Minister Abdelkarim al-Luaybi has said Iraq plans on increasing production and exports this year to 3.4 million bpd and 2.6 million bpd, respectively.

Iraq last week began pumping oil to the first of five floating terminals in the Gulf in a move that will increase its export capacity by 850,000 bpd.

Copyright AFP (Agence France-Presse), 2012


 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln