Monday, 5 May 2014

Iraq oil exports rebound but sales hit by attacks | GulfNews.com

Iraq oil exports rebound but sales hit by attacks | GulfNews.com:



"Iraq’s oil exports rebounded last month, government figures released on Sunday showed, despite militant attacks that forced the authorities to stop pumping crude through northern pipelines bound for Turkey.



The country exported more than 75 million barrels of oil in April, an average of over 2.5 million barrels per day, bringing in overall revenue of more than $7.5 billion (Dh27.5 billion), a statement issued by the oil ministry said.



All of those sales were made via export terminals in southern Iraq leading to the Gulf, the ministry said, because militant attacks forced the suspension of exports via northern pipelines to the Turkish port of Ceyhan."



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