Iraq's oil exports dipped slightly in August, but still topped 55 million barrels and brought in nearly four billion dollars in revenues, the oil ministry said on Thursday.Crude exports, which account for the vast majority of Iraq's income, totalled 55.4 million barrels of oil last month, or 1.79 million barrels per day (bpd), and brought in 3.96 billion dollars, the ministry said.The average oil price for the month was 71.43 dollars per barrel.
Iraqi oil revenues dipped in February on slightly lower oil prices despite the highest level of exports in 20 years, the oil ministry said on Tuesday."Revenue was 4.229 billion dollars, based on an average price of 73.4 dollars per barrel and exports of 57.9 million barrels," ministry spokesman Assem Jihad told AFP.Iraq had revenues of 4.44 billion dollars in January, based on oil prices of 73.97 dollars per barrel.
Baghdad (AFP) - Iraq's oil exports reached their highest level in decades in December, the oil ministry's spokesman said on Saturday, but vital revenues were being hit by the plummeting prices of crude.
LONDON: OPEC oil output fell in August from the highest monthly level in recent history, a Reuters survey found on Wednesday, as disruptions to flows on Iraq's northern pipeline halted supply growth from the group's second-largest producer. Largely stable output from Saudi Arabia and other Gulf members of the Organization of the Petroleum Exporting Countries indicated they are not wavering in their focus on defending market share instead of prices.
Iran's oil exports have been slashed 40 percent in the past nine months because of tough Western sanctions, Oil Minister Rostam Qasemi was quoted as saying on Monday, in a reversal of his previous denials of any decline at all.
Iraq's oil exports and revenues from crude sales in January hit their highest levels since the 2003 US-led invasion which ousted Saddam Hussein, the oil ministry announced on Wednesday.Iraq exported a total of 67 million barrels of oil last month, generating $6.082 billion in income at an average price of $90.78 a barrel, according to figures published by the ministry."It's the highest exports and revenues for Iraq since 2003, and this will cover the budget deficit if it continues," ministry spokesman Assem Jihad told AFP.
LONDON: Iraq's semi-autonomous region of Kurdistan has for the first time detailed its secretive oil exports operations and said it plans to sell more, whether Baghdad likes it or not, as it needs money to survive and fight Islamic State. The region's minister for natural resources, Ashti Hawrami, said that to avoid detection oil was often funneled through Israel, transferred directly between ships off the coast of Malta, and decoy ships used to make it harder for Baghdad to track.
Oil exports to the port of Ceyhan in Turkey resumed on Saturday after a week-long interruption because of sabotage to a pipeline in northern Iraq, an oil ministry spokesman said."Exports resumed today at 2:30 pm (1130 GMT). Repairs were completed faster than we had expected," Assem Jihad told AFP."We thought the work would be slowed down because of the Eid al-Adha," he said of the feast that began on Friday in most Muslim countries at the end of the annual hajj pilgrimage.