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

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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.

 

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