|
Iraq’s oil exports down 4m barrels in June
|
|
Aswat Al Iraq - [7/26/2010]
|
|
|
Iraq’s crude oil exports went down by four million barrels to reach 54.7 million barrels worth $3.8 billion in June, compared to May’s 58.7 million, according to an oil ministry information source on Monday.
“Total crude oil exports for June 2010 reached 54.7 barrels worth $3.889 billion at a rate of $71.10 per barrel, down from May’s 58.7 million barrels worth $4.2 billion at a rate of $73.85 per barrel,” the source was quoted in a ministry release received by Aswat al-Iraq news agency.
“June’s production was divided between Basra with 43.2 million barrels with revenues up to $3.074 billion and Kirkuk with 11.5 million barrels with revenues up to $815 million,” the source added.
Iraq’s state budget relies mainly on the country’s proceeds from oil as last year’s budget was approved on 84 trillion Iraqi dinars on the presumption of exporting 2.15 million barrels per day (bpd) at a rate of $62.5 per barrels, with a deficit of 22 trillion dinars, most of it expected to be repaid from the global oil price differential.
|
|
|
|
|
|
|
|
|
|