Iraq caps banner year with export drop
Oil exports fell by 272,000 bpd in December – a steep decline to end a year marked by booming production and significant volatility.
A crude oil jetty at Turkey's Ceyhan port. (YORAY LIBERMAN/Getty Images)
Iraq's monthly oil exports fell by 10 percent in December, highlighting the volatility that still characterizes the country's growing oil sector.
The country is solely dependent on oil sales, which account for 95 percent of state income.
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