Iraq oil exports see increase but not enough to offset price slump
Plus: *Confusion remains over first bidding round as round 2 announced *Heritage spuds in KRG *U.S. pressing for extension of immunity for Iraq oil revenue *Paris Club makes good on forgiving last 20 percent *Basra: U.S. troops in, elections coming, federal state fight looms *Women’s rights leader beheaded in Kirkuk *Alive in Baghdad: Journalists Still […]Iraqi oil exports increased last month to 1.76 million barrels per day as the price for oil continued to fall, according to data from the Iraqi Oil Ministry. Oil exported from the southern terminals in the Persian Gulf shouldered the output boost, Ben Lando reports for United Press International.
The uptick in exports is needed more than ever. Iraq's oil fetched an average $43.54 per barrel in November -- a 26-percent drop since October and a long way from June's $122 per barrel price tag. Despite increasing output month-on-month, Iraqi oil sales were $2.29 billion in November and $3.11 billion in October.
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.
If you are not a registered user, you may purchase a subscription.
