Iraq Feb Oil Exports +0.5% On Month To 1.93M B/D-Oil Ministry

Iraq Feb Oil Exports +0.5% On Month To 1.93M B/D-Oil Ministry
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Δευ, 24 Μαρτίου 2008 - 03:51
Iraq crude oil exports from southern and northern oil fields in February rose 0.5% from the previous month, oil ministry figures seen by Dow Jones Newswires show.
Iraq crude oil exports from southern and northern oil fields in February rose 0.5% from the previous month, oil ministry figures seen by Dow Jones Newswires show.

Iraq exported an average of 1.93 million barrels a day in February, up 100,000 barrels a day from January, the ministry figures show.

Revenues from Iraq's oil sales rose 4.6% at $5.037 billion in February, compared with $4.813 billion in January, according to the ministry figures. Iraq sold its crude at an average price of $89.79 a barrel in February, compared with $80 a barrel in January, the ministry said.

Iraq exported an average of 1.54 million barrels of oil per day in February from its southern oil fields, while the remaining 393,000 barrels a day were exported from northern oil fields, the ministry reported.

Better security, which has prevented acts of sabotage that hampered the Kirkuk oil along the northern export pipelines, accounted for the higher exports from the north.

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