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Safer pipeline lets Iraq oil exports flow
27/07/2008

BAGHDAD: The Iraqi Oil Ministry says oil exports in June amounted to 58.1 million barrels, a 4.3 percent decline from the previous month.

Sunday's statement says it sold for US$123 a barrel and yielded US$7.141 billion.

It adds that 43.6 million barrels were exported through the south and 14.5 million from Turkey's port of Ceyhan.

No reason was given a reason, but exports through Basra's ports were suspended for a few days last month because of sandstorms.

Last May saw Iraq's highest exports since the U.S.-led invasion in 2003 with 62.4 million barrels.

Iraq sits on the world's third-largest oil reserves with about 115 billion barrels.

Safer pipeline lets Iraq oil exports flow -  Source


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