Iraq Says It Exported More Than 1 Billion Barrels of Oil in 2015 Khalid Al-Ansary and Kadhim Ajrash January 1, 2016 — 7:03 AM PST Share on FacebookSh

[SocalDinar]

Iraq Says It Exported More Than 1 Billion Barrels of Oil in 2015

Khalid Al-Ansary and Kadhim Ajrash

January 1, 2016 — 7:03 AM PST

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.

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. The nation’s output will start to decline in 2018, Morgan Stanley said in a Sept. 2 report, reversing its forecast for higher production every year to 2020.

 

http://www.bloomberg.com/news/articles/2016-01-01/iraq-says-it-exported-more-than-1-billion-barrels-of-oil-in-2015

 

Edited January 1, 2016 by SocalDinar

[yota691]

Iraq announces export billion barrels of oil in 2015

Friday 01-01-2016 | 8:50:14

 

Oil field in Iraq - XYZ

 

 

Twilight News / Oil Ministry announced on Friday that Iraqi oil exports amounted to about one billion barrels in 2015 posting revenue exceeded $ 49 billion.

He said ministry spokesman Assem Jihad said in a statement seen by Twilight News, that "the total oil exports to Iraq last month (December) amounted to 99 million and 658 thousand and 761 barrels," noting that "the daily average for export stood at three million and 215 barrels."

Jihad said, "The revenue generated amounted to approximately two billion and 973 million and 308 thousand dollars at a price of $ 29 and 835 cents per barrel," explaining that "exports from southern Iraq amounted to 99 million and 658 thousand and 761 barrels, either from Ceyhan are parked as a result of non-delivery of the agreed quantities by the Kurdistan Regional Government. "

Spokesman also said the ministry that "total oil exports for 2015 amounted to one billion and 96 million and 778 thousand and 863 barrels at a rate of exporting a daily average of three million and five barrels a total revenue of 49 billion and 79 million and 199 thousand and 297 and $ 15," noting that "the price of a barrel reached 44 dollars and 748 cents last year. "

[calkid11]

Thank you

[sandfly]

LOTS OF MONEY

[yota691]

Iraq's oil exports exceed one billion barrels

He wrote in: January 3, 2016

The Oil Ministry announced on Sunday that Iraqi oil exports exceeded one billion barrels, and valued at more than $ 49 billion through 2015.

He said ministry spokesman Assem Jihad, said that "the total oil exports for 2015 amounted to one billion and 96 million and 788 thousand and 863 barrels total realized revenues amounted to 49 billion and 79 million and 199 thousand and $ 297."

He added that "the price of a barrel of oil last year's rate of $ 44 and 748 cents," adding that "Iraq exported 99 million and 658 thousand and 761 barrels of crude oil during the month of December last, a decline in exports for the month of November."

He continued that "the revenue generated amounted to two billion and 973 million and 308 thousand dollars," noting that "the average daily oil exports amounted to three million barrels and 215, with an average sale price per barrel was $ 29 and 835 cents."