Oil: low last month, exports to 78 million barrels at $ 41 a barrel

Oil: low last month, exports to 78 million barrels at $ 41 a barrel

Thu, February 12, 2015 15:03

Oil - low last month exports to 78 million barrels at 41dollars a barrel[Baghdad-where]

The Oil Ministry announced the reduction of Iraq’s oil exports and revenue earned them during the month of January last Kahsaúah preliminary and sell them on the basis of a price of $ 41 per barrel.

The Brent crude oil prices are currently at a rate of 55. $ 56.

He said ministry spokesman Assem Jihad said in a statement received by all of Iraq [where] a copy of it, and according to “the Iraqi oil marketing company SOMO], the total quantity of oil exports last month amounted to approximately 78.6 million barrels, while revenue generated amounted to approximately 3,258 billion dollars “.

The amount of oil exports for the month of December last 91.2 million barrels, of which unrealized Baardat reached 5,161 billion dollars.

He said the spokesman of the Ministry of Oil, “The quantities exported and the revenues generated for the month of January last, according to preliminary statistics were from the southern port of Basra more than 74.1 million barrels, while Kirkuk oil exports amounted to about 4.5 million barrels.”

Jihad said that “the average selling price of $ 41.450 per barrel.”

And that “the above quantities have been downloaded by 29 international oil company carrying different nationalities from the ports of Basra and Khor al-Amaya and monounsaturated floats on the Gulf and the Turkish port of Ceyhan.”

He attributed the spokesman for the Ministry of Oil and the reasons for this decline in exports to “bad weather in the southern ports, which have affected the direct form the process of loading oil tankers, which lasted more than two weeks but not this delay exceeded exports rates of Iraq the previous month rates.”

He pointed out that “The oil ministry is keen to increase exports of crude oil as compensation for the day disabled tanker loading due to bad weather,” pointing out that “the ministry and through faith in the people briefed on the export and the amounts realized from operations Monthly taken this action.”

Parliament passed in 29 of the month of January last budget in 2015 of $ 119 trillion dinars [$ 105 billion] and a deficit of 25 trillion dinars based on the export of 2.9 million barrels and is priced at $ 56 and ratified by the Presidency of the Republic in 10 of the month of February.

For her part, the Ministry of Oil, “its commitment to Iraq’s share of OPEC” .anthy