iPhone | iPad
Android
Huawei
There has been fear that decades of enmity between the two could spill over into all-out war
KT APPDOWNLOAD
Iraq oil exports down, income up in January
BAGHDAD — Iraq’s oil exports dropped slightly in January but its income from oil sales was up due to higher prices per barrel, oil ministry figures published on Monday showed.
Iraq exported 65.3 million barrels of crude in January, down from 66.5 million barrels the month before, according to the figures.
But Iraq’s income from oil sales was $7.123 billion last month, up from $7.061 billion in December.
Average prices per barrel were up in January, at $109.081, versus an average of $106.18 in December.
Oil sales account for the vast majority of the Iraqi government’s income and around two-thirds of gross domestic product.
Iraq currently produces about 2.9 million barrels per day, and exported an around 2.1 million bpd in 2011.
Oil Minister Abdelkarim al-Luaybi has said Iraq plans on increasing production and exports this year to 3.4 million bpd and 2.6 million bpd, respectively.
Iraq last week began pumping oil to the first of five floating terminals in the Gulf in a move that will increase its export capacity by 850,000 bpd.
More news from
The leading hypermarket chain has implemented additional measures to ensure sufficient stock availability for shoppers
Thousands of personnel deployed to clear accumulated water, clogged drains, and fallen trees
Areas such as Abu Shagara, Al Qasimiya, King Faisal Road, Al Mahatta, and Majaz have been particularly affected
The Ministry of Foreign Affairs reiterated its call on the United Nations and the UN Security Council to fulfill their responsibilities
This step aims bring relief to thousands of residents in Emaar’s communities who have been badly affected by unprecedented rains
Dressed in all black, the man was seen directing traffic for nearly six hours
Four others to drive away a luxury vehicle each
