360° Coverage : Iraqi oil exports drop

Iraqi oil exports drop

Baghdad, June 24 (IANS/EFE) Iraq's oil exports totaled 76.9 million barrels in May, down from the 78.7 million barrels of crude exported in the prior month, due to bad weather and sabotage, the oil ministry said Sunday.

Jun 23 2013, 11:30pm CDT | by

Iraqi oil exports drop
Photo Credit: AHMAD AL-RUBAYE, Getty Images

Baghdad, June 24 (IANS/EFE) Iraq's oil exports totaled 76.9 million barrels in May, down from the 78.7 million barrels of crude exported in the prior month, due to bad weather and sabotage, the oil ministry said Sunday.

Petroleum exports generated $7.47 billion in May at an average price of $97.23, off from the $7.76 billion in revenues registered in April.

Bad weather in the ports in southern Iraq and sabotage of the pipeline between the city of Kirkuk and the Turkish port of Ceyhan affected petroleum shipments, oil ministry spokesman Asem Jihad said in a statement.

The majority of the crude, which was exported by 32 different companies, was shipped from the port of Basra, Jihad said.

--IANS/EFE

rd

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Labor Day Sales Deliver Strong Car, Fashion and Electronics Deals
Labor Day Sales Deliver Strong Car, Fashion and Electronics Deals
The first Labor Day Sales 2015 have already launched. Car dealers fully embrace Labor Day sales as they want to clear out inventory. Deals on clothing, matrasses and smaller electronics are also worth considering.
 
 
Facebook M is a Hybrid Personal Digital Assistant inside Messenger
Facebook M is a Hybrid Personal Digital Assistant inside Messenger
M relies on artificial intelligence and human assistance.
 
 
iPhone Users get 30 Day Free Samsung Galaxy Trial
iPhone Users get 30 Day Free Samsung Galaxy Trial
Samsung tries everything to get new customers. Now iPhone user can test a new Galaxy smartphone 30 days for free.
 
 
Microsoft released 3rd Windows 10 Updates with KB 3081438
Microsoft released 3rd Windows 10 Updates with KB 3081438
Microsoft's release schedule for Windows 10 updates is fast paced. The company released three updates within 2 weeks.