Sunday 1 September 2013

Iraqi oil exports rebound in August - Your Middle East

Iraqi oil exports rebound in August - Your Middle East:

"Iraq's oil exports rebounded in August from a 16-month low, as increased sales and rising prices lifted revenues to their highest level this year, a spokesman said on Sunday.

Daily exports averaged 2.579 million barrels per day (bpd) and brought in revenues of $8.3 billion (6.3 billion euros), Oil Ministry spokesman Assem Jihad said in a text message, representing the highest level of income from oil exports since October 2012.

In particular, Iraq was buoyed by rising oil prices, which at one point touched their highest level in 18 months on fears of an imminent US-led military strike on Syria over its alleged use of chemical weapons."

'via Blog this'

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