Oil revenues rise despite export dip
Poor weather and power outages cut into exports but an upward trend in the global oil price puts more money in Iraqi coffers.
A tanker at the al-Basra Oil Terminal loads crude at night on Feb. 21, 2010. (BEN LANDO/Iraq Oil Report)
VIENNA - Iraq earned its largest oil payout in eight months due to rising oil prices, even though the federal government's May exports declined by nearly 5 percent.
"The market is improving," said Deputy Oil Minister Fayyadh Nema as he arrived in Vienna ahead of Thursday's OPEC meeting.
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.
If you are not a registered user, you may purchase a subscription.
