Iraq to increase oil exports

Oil&Gas Materials 1 October 2012 17:12 (UTC +04:00)

Azerbaijan, Baku, Oct.1 /Trend A. Tagiyeva/

Iraq has increased oil exports to reach 2.600 million barrels per day in September against 2.550 million barrels per day in August, Iraq ministry's official representative Asim Jihad reported to Trend on Monday.

The country's income from export amounted to 8.4 billion dollars against 8 billions in August. The average price for Iraqi oil in September amounted stood by $107 per barrel against $96.5 in August.

A total of 2.1 million barrels per day from the total export volume fall to the share of Basra city. 410 thousand barrels per day fall to the share of Kirkuk.

According to BP, the proved oil reserves of Iraq as of the end of 2011 amounted to 143.1 billion barrels. The country ranks third among OPEC countries after Saudi Arabia and Iran. The oil extraction volumes in Iraq as of the end of 2011 stood by 2.798 million barrels per day.

The general oil fields in Iraq, located in the south of the country are Rumeyla, Zubair, Nakhr, Umr, Maynun and Western Kurna.