Comments on: Iraq oil exports, revenue up http://www.iraqoilreport.com/oil/iraq-oil-exports-revenue-up-1858/?utm_source=rss&utm_medium=rss&utm_campaign=iraq-oil-exports-revenue-up The Source to Iraq, Its People and Its Oil Fri, 27 Jan 2012 20:18:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Oil exports and revenue increase - Iraq Oil Report http://www.iraqoilreport.com/oil/iraq-oil-exports-revenue-up-1858/#comment-16511 Oil exports and revenue increase - Iraq Oil Report Wed, 29 Jul 2009 06:14:45 +0000 http://www.iraqoilreport.com/?p=1858#comment-16511 [...] Oil Ministry data show oil exports reached 1.923 million barrels per day (bpd) last month, up from 1.906 million bpd in May. Iraqi crude fetched an average $64.37 per barrel, a more than $7 per barrel increase on [...] [...] Oil Ministry data show oil exports reached 1.923 million barrels per day (bpd) last month, up from 1.906 million bpd in May. Iraqi crude fetched an average $64.37 per barrel, a more than $7 per barrel increase on [...]

]]> By: dario http://www.iraqoilreport.com/oil/iraq-oil-exports-revenue-up-1858/#comment-15217 dario Tue, 07 Jul 2009 07:07:05 +0000 http://www.iraqoilreport.com/?p=1858#comment-15217 Kirkuk is Kurdistan soon will be run by KRG ahmed u talking rubish Kirkuk is Kurdistan soon will be run by KRG ahmed u talking rubish

]]> By: Ahmed M. Jiyad http://www.iraqoilreport.com/oil/iraq-oil-exports-revenue-up-1858/#comment-15032 Ahmed M. Jiyad Tue, 30 Jun 2009 21:24:17 +0000 http://www.iraqoilreport.com/?p=1858#comment-15032 The improvement in May month in Iraq’s oil export revenues was attributed to both oil export and prices. However, as the following chart shows, oil exports have been fluctuating between low level of 49,4 million barrels in September 2008, which was caused by the drastic reduction (ca. 12%) in Basrah crude (South Oil Company) from a month earlier, and highest level of 59,1 million barrels in May 2009, which was caused by significant increase of 3,9 million barrels (ca. 32%) in Kirkuk crude (North Oil Company). What should be taken note of is that when the average oil price for Iraqi crudes was 113.81 $/b Iraqs’ oil export was 58,8 million barrels in July 2008, then it went down to 54,4 million barrels the following month due to reduction of both Basrah and Kirkuk crudes. Both total export and average prices began to decline though at different trends, causing Iraq not to benefit from the opportunity of improved oil prices. Oil prices declined continuously from a peak of 113,81 $/b to a bottom of 34,57 $/b between July and December 2008, before began moving upwards to reach 57,16 $/b last May. Total oil export revenues followed similar pattern but with different fluctuating pattern: declined by 71.3% from high sum of almost 6.7 billion dollars in July 2008 to critical low 1.9 billion dollars in February this year before picking up gradually to little over 3.3 billion dollars in May. While Iraq cannot affect the development in world oil prices it certainly can address properly its production and export capacities, and this probably shed lights on and explains the pressure facing the Ministry of Oil and its Chief. Ahmed M. Jiyad, Norway. Email: mou-jiya@online.no 30th June 2009 The improvement in May month in Iraq’s oil export revenues was attributed to both oil export and prices. However, as the following chart shows, oil exports have been fluctuating between low level of 49,4 million barrels in September 2008, which was caused by the drastic reduction (ca. 12%) in Basrah crude (South Oil Company) from a month earlier, and highest level of 59,1 million barrels in May 2009, which was caused by significant increase of 3,9 million barrels (ca. 32%) in Kirkuk crude (North Oil Company).

What should be taken note of is that when the average oil price for Iraqi crudes was 113.81 $/b Iraqs’ oil export was 58,8 million barrels in July 2008, then it went down to 54,4 million barrels the following month due to reduction of both Basrah and Kirkuk crudes. Both total export and average prices began to decline though at different trends, causing Iraq not to benefit from the opportunity of improved oil prices.
Oil prices declined continuously from a peak of 113,81 $/b to a bottom of 34,57 $/b between July and December 2008, before began moving upwards to reach 57,16 $/b last May.
Total oil export revenues followed similar pattern but with different fluctuating pattern: declined by 71.3% from high sum of almost 6.7 billion dollars in July 2008 to critical low 1.9 billion dollars in February this year before picking up gradually to little over 3.3 billion dollars in May.
While Iraq cannot affect the development in world oil prices it certainly can address properly its production and export capacities, and this probably shed lights on and explains the pressure facing the Ministry of Oil and its Chief.

Ahmed M. Jiyad,
Norway.
Email: mou-jiya@online.no
30th June 2009

]]> By: One oil field awarded, many questions remain - Iraq Oil Report http://www.iraqoilreport.com/oil/iraq-oil-exports-revenue-up-1858/#comment-15030 One oil field awarded, many questions remain - Iraq Oil Report Tue, 30 Jun 2009 20:16:54 +0000 http://www.iraqoilreport.com/?p=1858#comment-15030 [...] Iraq oil exports, revenue up [...] [...] Iraq oil exports, revenue up [...]

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