Arab Today, arab today iraq\s oil export revenue record high level
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Seeking investors to boost crude production

Iraq\'s oil export revenue record high level

Arab Today, arab today

Arab Today, arab today Iraq\'s oil export revenue record high level

Tankers berth at the Basra Terminal in the northern Arabian Gulf
AMMAN ? Agencies

Tankers berth at the Basra Terminal in the northern Arabian Gulf Iraq\'s revenue from exporting crude oil for the first four months of 2011 is expected to reach some $26.7 billion, a record high since the country started exporting its oil decades ago, the head of its State Oil Marketing Organisation, or SOMO.
Falah Al Amri said revenue from oil sales in April is expected to reach $7.4 billion, the highest ever monthly figure, compared with $7.16 billion in March. He said SOMO sold the oil in April at a price ranging between $112 and $113 a barrel, compared with $107.13 a barrel the previous month.
But Iraqi crude oil exports fell 0.8 per cent in April to 2.141 million barrels per day (bpd), from 2.158 million bpd the previous month, due to bad weather, Al Amri told Dow Jones Newswires by telephone from Baghdad.
Some 1.656 million bpd were exported in April from southern terminals in Basra, compared with 1.687 million bpd exported the previous month. Some 485,000 bpd were exported from Kirkuk and Kurdish oil fields in April, compared with 471,000 bpd pumped in March.
April exports averaged 2.141 million barrels a day, Al Amri said. He had said on April 3 that Iraq generated $7.1 billion from crude exports in March. Exports averaged 2.195 million bpd that month at $106.50 a barrel, he had said.
Iraq\'s government depends on oil for most of its revenue and is seeking foreign investors to help boost crude production after years of war and sanctions. The country plans to award a new batch of licences to explore for and develop oil, its fourth licensing round since the US-led invasion in 2003.
Exports from the port of Basra averaged 1.656 million bpd in April, Al Amri said. About two-thirds of Iraq\'s crude exports went to customers in Asia. It shipped the remaining third of its oil from the Mediterranean port of Ceyhan in Turkey.
Meanwhile, South Korea has signed a pact with Iraq securing the right to be among the first to receive at least 250,000 bpd of crude oil during any emergency that upsets the global supply-demand balance, the Ministry of Knowledge Economy said recently.
The pact significantly enhances South Korea\'s energy security by guaranteeing a stable supply. The amount is close to about 10 per cent of South Korea\'s daily crude imports of 2.4 million barrels.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iraq\s oil export revenue record high level Arab Today, arab today iraq\s oil export revenue record high level

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iraq\s oil export revenue record high level Arab Today, arab today iraq\s oil export revenue record high level

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday