Iraq's crude oil exports averaged 2.165 million barrels a day in 2011, a 12.7% increase over the previous year due to the development of its southern oil fields, the head of the State Oil Marketing Organization, or SOMO, said Thursday.
Iraq
's
crude oil exports averaged 2.165 million barrels a day in 2011, a 12.7%
increase over the previous year due to the development of its southern oil
fields, the head of the State Oil Marketing Organization, or SOMO, said
Thursday.
Revenues from oil sales in 2011 were up 37% from 2010 due to the increase in
exports and higher oil prices, Falah Alamri told Dow Jones Newswires in an
exclusive interview.
He said Iraq sold $82.9 billion worth of crude oil in 2011, compared with $52.2
billion the previous year.
"Iraq sold its crude oil in 2011 at an average price of $105 a
barrel," Alamri said.
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