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Iraqi oil exports rise in May
Baghdad / term
The Ministry of Oil, Iraq 's oil exports recorded 3,000,262 thousand barrels per day, in May last, comes this figure , up 3 million and 252 thousand barrels per day, last April, indicating that the increase was the "10 thousand barrels, after a fall of 3,000,259 thousand barrels per day (down 7 thousand barrels) in March the previous year .
oil prices have risen the end of the week, the lowest level in three weeks after US crude inventories dropped significantly, suggesting that the oil market in the United States may improve as soon as expected.
he said ministry spokesman Assem Jihad, in a statement obtained (range) on A copy of it, said that the preliminary statistical issued by the Iraqi Oil Marketing Company "SOMO" state - owned refers to the export of about 101 million barrels, a daily average of 3 million and 262K barrels.
He added that the exports achieved revenues of $ 4 billion and $ 663 million, with an average the price per barrel 46.108 dollars, pointing out that the total exported quantities of crude oil from oil fields in central and southern Iraq amounted to 100 000 455 thousand barrels, while total exports from the Kirkuk oil and 580 thousand 679 barrels.
Iraq is the second largest oil exporter in the Organization of the Petroleum Exporting Countries "OPEC", it agreed in Algeria, in November , last, to cut total production by one million and 200 thousand barrels per day, starting from January, to restore the balance between supply and demand, and thus improve oil prices.
The organization returned weeks ago and extended the agreement for nine months, where Iraq agreed to cut production at a rate of 210 thousand barrels per day, to 4.00035 million barrels per day, while the oil minister confirmed recently that Baghdad is fully committed to the agreement.
Iraq relies on the sale of oil revenues to finance up to about 95% of the state 's expenses. It was the decline in crude prices since 2014, a significant impact on the Iraqi economy.
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