January oil revenues soar to decade high despite dip in exports
Independent oil exports from Iraqi Kurdistan increased slightly, but oil prices helped Iraq overcome federal export slump.
A tanker at the al-Basra Oil Terminal loads crude at night on Feb. 21, 2010. (BEN LANDO/Iraq Oil Report)
Iraq exported 3.619 million barrels per day (bpd) in January nationwide, a slight decline from December, but high oil prices led to monthly revenue levels unseen in a decade.
Iraq’s federal oil exports in January dipped slightly as bad weather caused loading delays at southern ports but higher international oil prices pushed revenues to $8.323 billion.
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