Iraqi oil exports and revenues drop in rough start to the year

Oil sales throughout the country declined last month, as the price of oil drops.
A worker stands at the al-Basra Oil Terminal (ABOT), one of Iraq's major export outlets, February 2010. (BEN LANDO/Iraq Oil Report)

Iraqi oil exports from both the federal and Kurdistan region governments declined in January, combining for an average 3.694 million barrels per day (bpd) – a nearly 5 percent drop from December.

All of the country's outlets – through terminals in the Basra Gulf, the pipeline to Turkey, and trucking to Jordan – posted a month-on-month decline, according to Iraqi Oil Ministry statements* and industry officials.

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