Iraq Oil Ministry: Exports drop but rising price means revenue increases…
Plus: *Internal pipeline explosion affects fuel *Saddam-era deals with China, India, Vietnam and Indonesia likely to move *Turkish overtures to Baghdad and Erbil *Crackdown on smuggling and control of gas stations *Much, much more… Iraq oil sales earned $500 million more in March than February because of increased oil prices, despite a slight drop in […]Iraq oil sales earned $500 million more in March than February because of increased oil prices, despite a slight drop in exports, Oil Ministry data shows.
The average price Iraq oil fetched last month was $95.02 per barrel, up from $89.79 per barrel in February, both below average global prices, which were more than $100 per barrel. Iraq earned $5.6 billion from oil sales in March, Ben Lando reports for United Press International.
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