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Iraq Earns $8.8B From Oil Sales In April; Highest For Decades

Iraq's revenues from oil sales in April climbed to $8.79 billion, the highest the Middle Eastern country has achieved for decades, the oil ministry said in a statement Monday, adding that Iraq had sold its oil at an average price of $116.8 a barrel.
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Δευ, 21 Μαΐου 2012 - 16:37
Iraq 's revenues from oil sales in April climbed to $8.79 billion, the highest the Middle Eastern country has achieved for decades, the oil ministry said in a statement Monday, adding that Iraq had sold its oil at an average price of $116.8 a barrel.

In April, Iraq exported an average of 2.508 million barrels a day, the highest figure it had reached since 1989, the ministry said.

The country's crude oil exports have stated to increase thanks to the operation of two new sea-borne export terminals in the Gulf.

Oil began loading March 8 from the new Single-Point Mooring buoy in the Gulf--the first of five, each with a loading capacity of 900,000 barrels a day.

A second 900,000-barrels-a-day SPM, built as the first by Leighton Offshore, a subsidiary of Australia 's Leighton Holdings Ltd. (LEI.AU), began loading vessels in April.

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