Iraq's oil exports raise in December
Iraq reports increase in oil exports in December, but revenues drop
Sunday January 25, 2009, 7:21 am EST
BAGDHAD (AP) -- The Iraqi Oil Ministry says the country's oil exports in December reached 56.2 million barrels.
It says that's a 3.4 million barrel increase from previous month although revenues dropped due to the slide in global oil prices.
Sunday's statement shows revenues fell to about $1.943 billion from $2.299 billion in November.
Iraq's oil was sold at an average price of about $34.57 per barrel, down from the previous month price of $43.54 a barrel. It was purchased by 23 international oil companies.
The statement says 43.4 million barrels were exported through the Persian Gulf, while 12.8 million barrels were exported via Turkey's port of Ceyhan.
Iraq has the world's third largest oil reserves with 115 billion barrels
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