Pakistan News Service

Monday Jun 18, 2018, Shawwal 4, 1439 Hijri
Logo Logo
Pakistan News Home -> Iraq -> News Details

Iraq October oil exports and revenues up slightly

23 November, 2012

BAGHDAD: Iraq's oil exports and revenues were slightly higher in October compared to the previous month, oil ministry spokesman Assem Jihad said on Thursday.

Iraq exported 81.3 million barrels of oil in October for an average of about 2.62 million barrels per day (bpd), compared with about 2.6 million bpd in September, he said.

The revenues from October oil exports were $8.578 billion earned at an average price of $105.51 per barrel, Jihad said. Iraq earned $8.4 billion from oil exports in September.

Iraq has proven reserves of 143.1 billion barrels of oil and 3.2 trillion cubic metres (111.9 trillion cubic feet) of gas, both of which are among the largest in the world.

Crude exports account for the lion's share of government income, and Baghdad is looking to dramatically ramp up both production and sales in the coming years, bringing in much-needed cash to rebuild its conflict-battered economy.


 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites