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.
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.
Submitted by Chis Dalby via OilPrice.com, In June 2014, computer files captured from a courier for the Islamic State shortly after the fall of Mosul revealed that the group had assets of $875 million, largely gained in the sacking and looting of Mosul and its central bank.
The oil-importing world has long hoped that the Organization of Oil Exporting Countries — a union of countries often at odds with each other on most issues — will fall apart and usher in an era of free-market oil.