Iraq oil exports and revenue up, but production is down…
Plus: *Fighting in Basra, Iraq’s oil capital *Oil flow not affected, ministry says *Likely outcome troubling for violence and politics *Chevron ready for Iraq deals *Lukoil says West Qurna progress *Workers poisoned at water plant needed for oil sector *CS Monitor marks Five Years in Iraq *Turkey vs. Kurds in … Basra? *Iraq’s female detainees […]Iraq's oil exports have increased in recent months, boosting state income, but overall oil production has dropped, according to Oil Ministry data. The slowdown is likely due to a perfect storm of accidents, insurgents and a lack of electricity and fuels.
Iraq exported 1.82 million barrels per day in December, according to data published on the ministry's Web site, Ben Lando reports for United Press International. That increased to 1.92 million bpd in January and 1.93 million bpd last month -- $5 billion in oil revenue for February using the ministry averaged crude price at $89.79 per barrel. …
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