Oil export revenues of more than six billion dollars last February
On: Saturday 03/24/2012 6:44
Baghdad / follow-term
Oil Ministry announced that crude oil exports for the month of February exceeded 58 million barrels, with revenues in excess of six and a half billion dollars, saying lower exports for the month of January by seven million barrels per day due to bad weather and sabotage.
The spokesman said ministry spokesman Assem Jihad, “Alsumaria News”, “Total crude oil exports for the month of February amounted to… 58 million and 400 thousand barrels,” noting that “the revenue from selling oil reached six billion and $ 595 million and is priced at $ 112 and 958 cents per barrel. ”
Jihad said that “the total exported quantities of crude oil for the month of February from the Basra oil reached 47 million and 500 barrels, and the proceeds of a financial hit five billion and $ 348 million,” adding that “the volume of oil exports from Kirkuk oil amounted to 10.0009 million thousand barrel, and the proceeds of money amounting to one billion and 247 million dollars. ”
Jihad said that “the quantities mentioned were uploaded by international oil companies, which carry different nationalities of the 27 oil companies from the ports of Basra and Khor al-Amaya in the Persian Gulf and Turkish port of Ceyhan on the Mediterranean and truck by truck to Jordan. ”
revealed Jihad that “the month of February witnessed a decline in exports compared to last January due to bad weather conditions in harbors South that have hindered the process of loading crude oil, as well as sabotage of the pipelines for export operations of the North Oil Company.” The General Company of Iraqi oil marketing, announced (February 25, 2012), the total crude oil exports for the month of January, which amounted to more than 65 million barrels and the proceeds of financial amounted to about seven billion dollars.
Iraq has signed, during the year 2010, contracts with several companies world to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after you add the quantities produced from other fields of national effort focused those contracts in most fields, the South .
It is noteworthy that Iraq is suffering from foot oil facilities, and currently produces about three million barrels of crude oil per day, and the percentage of Iraqi exports nearly two million and 200 thousand barrels per day, mostly exported through Basra while making the remaining quantity by performing the north.
In the meantime, announced the North Oil Company owned by the government of Iraq signed a preliminary agreement with BP, “BP” British to increase production of the Kirkuk field to 580 thousand barrels per day from about 280 thousand barrels per day at this time.
agent said the company Hussein Allam told the Kurdish news agency (Rn) “The preliminary agreement concluded by Iraq with BP to develop the Kirkuk field and to increase 300 thousand b / d to produce the current, which is estimated about 280 thousand b / d.”
“The initial agreement is part of a high-level plan carried out by the Ministry of oil through the oil company Almashal to develop the production of the northern fields and through a partnership contract entered into with the British company. ”
opposed to the Kurdistan region of Iraq, the conclusion of any oil contracts to develop oil fields are located within the boundaries of the province of Kirkuk and other disputed areas between Baghdad and Erbil.
, says the region that the priority for the implementation of the constitutional article of settling the dispute over those areas before any agreement on the development of oil fields.
and there are already differences between Baghdad and Erbil on contracts concluded by the latter with energy companies worldwide to develop oil fields in Kurdistan, Baghdad says it is illegal.
The Iraqi Oil Minister Abdul Karim and coffee had said earlier this month Iraq is studying proposals from foreign companies, including “BP” and “Sklomberghyr” to develop the Kirkuk field.
the minister said “We are now in the process of studying the proposals made by foreign companies to develop Kirkuk, because the extraction of oil in these fields to take less in recent years.”