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Page added on January 3, 2016
Iraq Says It Exported More Than 1 Billion Barrels of Oil in 2015
Iraq said it exported 1.097 billion barrels of oil in 2015, generating $49.079 billion from sales, according to the oil ministry.
It sold 99.7 million barrels of oil in December, generating $2.973 billion, after selling a record 100.9 million barrels in November, said oil ministry spokesman Asim Jihad. The country sold at an average price of $44.74 a barrel in 2015, Jihad said.
Iraq, with the world’s fifth-biggest oil reserves, needs to keep increasing crude output because lower oil prices have curbed government revenue. Oil prices have slumped in the past year as the Organization of Petroleum Exporting Countries defended market share against production in the U.S.
3 Comments on "Iraq Says It Exported More Than 1 Billion Barrels of Oil in 2015"
geopressure on Sun, 3rd Jan 2016 2:00 pm
On the Liveships website, they have gone to great lengths to keep the Basrah Export Terminal blacked out so that we cannot observe the realtime Iraqi exports… They do the same for the Port of Sudan (or they used to)…
GregT on Sun, 3rd Jan 2016 2:30 pm
“OPEC’s second-largest crude producer is facing a slowdown in investment due to lower oil prices while fighting a costly war on Islamist militants who seized a swath of the country’s northwest.”
Hmmm? Could that possibly be the same Islamist Militants that the illegal US led invasion ousted from political power? The same militants that threatened to sell their country’s oil for gold, instead of USDs.
More bloomberg BS.
makati1 on Sun, 3rd Jan 2016 7:09 pm
Does that billion barrels include the ‘stolen’ oil by ISIS? Just askin’.