Iraq says oil exports hit highest in three decades September 2, 2012 - 16:13 AMT PanARMENIAN.Net - Iraq's Oil Ministry says crude oil exports have averaged 2.565 million barrels a day in August, the highest level in more than three decades. According to The Associated Press, ministry spokesman Assem Jihad said Sunday, Sept 2, that last month's revenues stood at $8.442 billion based on an average price of $106 for each barrel. Jihad added that 2.252 million barrels a day were exported through the Persian Gulf and another 313,000 barrels were sent through Turkey's Ceyhan port. Iraq's oil exports have climbed steadily since last year, thanks to a handful of international oil companies operating in Iraq and to the inauguration of two new export terminals in the Persian Gulf early this year. Iraq holds the world's fourth largest oil reserves, some 143.1 billion barrels. Partner news  Top stories IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.   Partner news |  Latest news Brad Pitt’s “World War Z” to open Moscow Film Fest  The fest will feature retrospectives of films by Bernardo Bertolucci and Costa Gavras, as well as a program devoted to Dutch cinema.Wrekin Hill picks up John Malkovich’s “Siberian Education” Based on the novel by Nicolai Lilin, the film is set in the ghetto of Soviet Russia and follows 2 boys who are members of a gang of exiled Siberians.Germans blame Merkel’s stance in eurozone crisis for Eurovision debacle Chancellor Angela Merkel is loathed in parts of Europe for her insisting on painful austerity measures in Greece, Spain and Italy.China’s PM visits India to settle boundary row, boost ties China says Li Keqiang choice of India for his first trip abroad shows the importance Beijing attaches to improving relations with New Delhi. |
