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Al-Allaibi: The country's crude oil exports exceeded 4 million barrels per day
economy Since 2017-06-22 at 21:59 (Baghdad time)
Baghdad Mawazine News
The Ministry of Oil, on Thursday, the quantities produced in oil fields nationwide during the month of June, including oil exports from the fields of Kurdistan region.
The ministry quoted Oil Minister Abdul-Jabbar al-Luaibi as saying that Iraq's total oil production in June was 4.315 million barrels per day, while total crude production reached 4.315 million bpd.
Al-Luaibi said that the total crude exports reached 3.8 million barrels per day, and that crude exports from Kurdistan amounted to about 530 thousand barrels per day, adding that the oil prices will begin to recover by the end of July, to reach 54-56 dollars a barrel by the end of the year, .
He explained that Iraq is "quiet negotiations" with foreign oil companies to amend service contracts, and the sea water project will be implemented at the end of 2017 even if no agreement with Exxon.
The Ministry of Oil revealed in May, the decline of Iraqi oil exports for the month of April, which amounted to about 97 million barrels.
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economy Since 2017-06-22 at 21:59 (Baghdad time)
Baghdad Mawazine News
The Ministry of Oil, on Thursday, the quantities produced in oil fields nationwide during the month of June, including oil exports from the fields of Kurdistan region.
The ministry quoted Oil Minister Abdul-Jabbar al-Luaibi as saying that Iraq's total oil production in June was 4.315 million barrels per day, while total crude production reached 4.315 million bpd.
Al-Luaibi said that the total crude exports reached 3.8 million barrels per day, and that crude exports from Kurdistan amounted to about 530 thousand barrels per day, adding that the oil prices will begin to recover by the end of July, to reach 54-56 dollars a barrel by the end of the year, .
He explained that Iraq is "quiet negotiations" with foreign oil companies to amend service contracts, and the sea water project will be implemented at the end of 2017 even if no agreement with Exxon.
The Ministry of Oil revealed in May, the decline of Iraqi oil exports for the month of April, which amounted to about 97 million barrels.
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