Iraq oil revenues decline in February

25 Mar 2010

(MENAFN) A spokesman for that Iraqi oil ministry said that Baghdad’s oil revenues have dipped in February on slightly lower oil prices despite the highest level of exports in 20 years, AP reported.

Iraq’s oil revenue was $4.229 billion, based on an average price of $73.4 per barrel and exports of 57.9 million barrels, ministry spokesman Assem Jihad said in Baghdad, adding that Iraq had revenues of $4.44 billion in January, based on oil prices of $73.97 per barrel.

Jihad said that 45.2 million barrels were shipped from the southern terminal of Basra in February, while the remaining 12.7 million barrels were exported from the country’s northern fields in Kirkuk.

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