Publication Date:
Thu, 2011-03-03 01:05
Falah Alamri, head of the State Oil Marketing Organization (SOMO), said exports from the northern fields, which included crude from the country’s Kurdish region, rose to 494,000 bpd. That figure also included 10,000 bpd taken through Jordan via trucks.
The bulk of Iraq’s oil exports, averaging 1.708 million bpd, were shipped from the southern oil hub of Basra, Amri said.
The average selling price was around $97 per barrel, he added.
Iraq’s oil production was 2.7 million bpd in January, the first time it has reached that level in 20 years as investment increased and violence dropped.
It sits on some of the world’s largest crude reserves.
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