🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

UPDATE 1-Iraq's April oil exports rise to 1.821 mln bpd

Published 05/03/2009, 07:55 AM
Updated 05/03/2009, 08:16 AM
TTEF
-

* Sees May exports average 1.9 million bpd

* Iraq earned $2.6 bln from April exports (adds details, quote)

BAGHDAD, May 3 (Reuters) - Iraq's monthly oil exports rose slightly in April to 1.821 million barrels per day, from 1.815 million bpd in March, a senior oil industry official told Reuters on Sunday, adding that the price was $47 per barrel.

Falah al-Amri, head of the State Oil Marketing Organisation (SOMO), also said he expected total average exports for May to exceed 1.9 million bpd.

"This is because we have three million barrels of crude in our storage," he said. "And for May, we have signed contracts to sell more crude (than was sold last month)."

Iraq earned $2.6 billion from April's exports, Amri said.

He added that an average of just more than 1.4 million bpd were exported out of the southern oil terminals at Basra and that 408,366 bpd were pumped out of Iraq's Kirkuk oil fields in the north to the Turkish port of Ceyhan. (Reporting by Ahmed Rasheed; Writing by Tim Cocks; Editing by Hans Peters)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.