It is reported that the Iraqi energy officials recently said that Iraq's April daily average 1.821 million barrels of crude oil exports, up slightly from March's 1.815 million barrels in May is expected to reach 1.9 million barrels a day.
April Iraq's oil export earnings last month from 2.5 billion U.S. dollars to 26 billion dollars. Iraqi officials said Iraqi crude oil in April the average export price of 47 U.S. dollars a barrel, up from 44.2 U.S. dollars in March.
Iraq's 2008 daily average 1.85 million barrels of crude oil exports, export revenue of about 60 billion U.S. dollars.
IHS internationally renowned advisory body said the forecast issued the previous year, 5 years of Iraq's oil production is expected to reach four million barrels a day. Iraq's proven oil reserves of 1160 billion barrels, ranking third in the world, second only to Saudi Arabia and Iran.
Source: www.in-en.com May. 5, 2009
