Press TV (Tehran) Iraq says its oil exports in April reached the highest level in decades.
According to preliminary statistics issued by the country’s State Organization for Marketing of Oil (SOMO), the April rate of oil crude exports was unprecedented since 1980s, the statement said.
“The ministry has made extraordinary efforts to increase the crude exports in a bid to compensate the delay of loading due to bad weather,” Xinhua quoted the ministry’s spokesman Asim Jihad as saying in the statement.
In 2014, Iraq exported a total of 918.114 million barrels of crude oil, earning 84.215 billion dollars in revenue.
Iraq’s economy relies on oil for more than 90 percent of its revenues.
In 2010, Iraq announced its proven oil reserves had increased to 143.1 billion barrels, from the previous estimate of 115 billion barrels.
ATTENTION READERS
We See The World From All Sides and Want YOU To Be Fully InformedIn fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
About VT - Policies & Disclosures - Comment Policy
