Iraq's oil exports in August ran at an average 2.189 million barrels a day, or 1.1% above the rate in July, the head of State Oil Marketing Organization, or SOMO, said Thursday.
Iraq
's oil
exports in August ran at an average 2.189 million barrels a day, or 1.1% above
the rate in July, the head of State Oil Marketing Organization, or SOMO, said
Thursday.
Despite the increase, revenues were down slightly to around $7.126 billion from
$7.311 billion in July due to a slump in world oil prices, Falah Alamri told
Dow Jones Newswires by telephone from
Baghdad
.
Iraq
sold
its crude oil at an average $105 a barrel in August, compared with $108.795 a
barrel in July, he said.
Iraq
's oil
revenues reached $55.7 billion during the first eight months of this year,
compared with $52.2 billion in the whole of 2010.
If oil prices remain on the current range for the rest of the year,
Iraq
's oil
revenues could reach more than $80 billion in 2011.
Basra Light crude exports flowed at around 1.728 million barrels a day, up from
1.708 million barrels a day in July, and
Kirkuk
crude
sales ran at around 461,000 barrels a day, up from 456,000 barrels a day in
July, the SOMO head said.
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