Arab Today, arab today iraq\s oil export revenue record high level
Last Updated : GMT 18:16:37
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.

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
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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