Iraq oil exports show slight increaseJanuary 23, 2012 - 16:43 AMT PanARMENIAN.Net - Iraq's oil ministry says oil exports have increased slightly in December compared to the previous month, according to AP.January 23 statement says last month oil exports averaged 2.145 million barrels per day, up from 2.136 million barrels per day in November. The country generated $7.061 billion in sales for the month, based on an average price of $106.18 per barrel compared to November's revenue of $6.833 billion during which the average price per barrel was $106.599. Iraq relies on oil exports for 95 percent of its revenues, and the uncertainty in the market stemming from Iran's threat to choke off the vital Strait of Hormuz in retaliation for potential Western sanctions that affect its own oil exports has helped support global crude prices. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |