Iraqi oil exports and revenues drop in rough start to the year
Oil sales throughout the country declined last month, as the price of oil drops.A worker stands at the al-Basra Oil Terminal (ABOT), one of Iraq's major export outlets, February 2010. (BEN LANDO/Iraq Oil Report)
Iraqi oil exports from both the federal and Kurdistan region governments declined in January, combining for an average 3.694 million barrels per day (bpd) – a nearly 5 percent drop from December.
All of the country's outlets – through terminals in the Basra Gulf, the pipeline to Turkey, and trucking to Jordan – posted a month-on-month decline, according to Iraqi Oil Ministry statements* and industry officials.
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