Iraq's oil revenues for the month of August amounted to 7.1 billion dollars

[k98nights]

18/09/2014

Iraq's oil revenues for the month of August amounted to 7.1 billion dollars

BAGHDAD / JD / .. Oil Ministry announced for the exported quantities of crude oil and the income earned for the month of August last by statistical final issued by the Iraqi Oil Marketing Company "Sumo," where the total amount of oil exports (73.6) and seventy-three million six hundred thousand barrels Baardat reached ( 7.172 billion and seven hundred and seventy-two million dollars).

A spokesman for the Oil Ministry, Assem Jihad, said in a statement received / JD / copy of it: that the statistics the final of the oil marketing company "Sumo" oil exports for the month of August last from southern ports in Basra amounted to (73.6) and seventy-three million six hundred thousand barrels and income earned amounted to (7.172 billion and seven hundred and seventy-two million dollars).

He added: The Kirkuk oil exports through the line of Kirkuk - Ceyhan are parked because of terrorist operations since the date of 02.03.2014.

He noted that the average selling price was (97.446) dollars per barrel.

And that the above quantities were uploaded by (33) international oil company carrying different nationalities, from the ports of Basra and Khor al-Amaya and monounsaturated buoys on the Arabian Gulf.

It is noteworthy that the ministry and through faith in the people briefed on the export operations and the amounts realized it has taken this action Avg. / Finished / 22 /

http://www.dananernews.com/News_Details.php?ID=5130

[calkid11]

Thank you

[Wiljor]

Impressive amount of oil sold for the month of August. And they are not even up to full capacity yet, I can just imagine what the full potential must be. I know that their are many factors involved that must take place before any RV but even if they bring themselves to at least half the potential, along with a strong infrastructure and foreign involvement, we should be seeing the light at the end of the tunnel.

I would be curious to see what the potential oil numbers would be if you have them K98. Thanks again for the info.

[pluMmet]

Something just crossed my mind.

 

That is approximately 7 Trillion Dinar.

 

They make almost as much Dinar in oil sales per year as Dinar in existence.... (97 Trillion Dinar in circualtion)

 

I've seen Forbes say 40 trillion

 

and others say 25 to 35 trillion but I do remember a statement that it was 97.... The lower the better for RV so even @ 97 what country on earth turns over their entire currency in circulation once each year?

 

We have a GDP of 16.8 Trillion for last year but we have approximately $1.29 trillion in circulation as of July 2, 2014

 

So if it is 30 trillion than that is about 3 x their oil per year.

 

It would seem that the 97 trillion is not likley.

[Wiljor]

Interesting thought PluMmet.

[Viciousdoggie]

Definitely something to ponder......

[pluMmet]

*Deleted- Made info it into its own thread