Iraq's oil exports decline in June: Oil Ministry
By Agencies |
BAGHDAD: The Iraqi Oil Ministry says oil exports in June amounted to 58.1 mn barrels, a 4.3 per cent decline from the previous month.
Sunday's statement says it sold for US$123 a barrel and yielded US$7.141 bn. It adds that 43.6 mn barrels were exported through the south and 14.5 mn from Turkey's port of Ceyhan. No reason was given a reason, but exports through Basra's ports were suspended for a few days last month because of sandstorms.
Last May saw Iraq's highest exports since the US-led invasion in 2003 with 62.4 mn barrels.
Iraq sits on the world's third-largest oil reserves with about 115 bn barrels.
Sunday's statement says it sold for US$123 a barrel and yielded US$7.141 bn. It adds that 43.6 mn barrels were exported through the south and 14.5 mn from Turkey's port of Ceyhan. No reason was given a reason, but exports through Basra's ports were suspended for a few days last month because of sandstorms.
Last May saw Iraq's highest exports since the US-led invasion in 2003 with 62.4 mn barrels.
Iraq sits on the world's third-largest oil reserves with about 115 bn barrels.
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