Subscribe free to our newsletters via your
. Space Travel News .




ENERGY TECH
Iraq oil exports rebound but sales hit by attacks
by Staff Writers
Baghdad (AFP) May 04, 2014


Iraq's oil exports rebounded last month, government figures released on Sunday showed, despite militant attacks that forced the authorities to stop pumping crude through northern pipelines bound for Turkey.

The country exported more than 75 million barrels of oil in April, an average of over 2.5 million barrels per day, bringing in overall revenue of more than $7.5 billion, a statement issued by the oil ministry said.

All of those sales were made via export terminals in southern Iraq leading to the Gulf, the ministry said, because militant attacks forced the suspension of exports via northern pipelines to the Turkish port of Ceyhan.

Despite the northern unrest, however, average daily exports rebounded from March, when Iraq's exports averaged 2.4 million bpd.

Iraq is heavily dependent on oil sales, which account for more than 90 percent of government revenue and more than two-thirds of gross domestic product, according to the International Monetary Fund.

Efforts to diversify the country's economy in recent years have stalled, and Baghdad has sought to dramatically ramp up oil exports in a bid to rebuild the country's infrastructure, which has been badly damaged by decades of conflict and sanctions.

Exports hit 2.8 million barrels per day in February, the highest figure in decades, with production above 3.5 million bpd.

Despite the steady expansion of oil exports, however, many Iraqis complain that much of the windfall is lost to state corruption and that the proceeds have not markedly improved daily life.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Cobalt says it discovered huge oil field offshore Angola
Houston (UPI) May 2, 2013
Early results from a program off the coast of Angola show there may be as much as 700 million barrels of oil in the region, Cobalt International Energy said. Cobalt, through a partnership with national and international energy companies, released results from its Orca-1 pre-salt deepwater exploration well off the coast of Angola. The company said it tested the well at a rate of 3,700 ba ... read more


ENERGY TECH
Second O3b satellite cluster delivered for upcoming Arianespace Soyuz launch

Court blocks US plan to buy Russian rocket engines

Arianespace to launch Indonesia satellite BRIsat

It's a "go" for Arianespace's Vega launch with Kazakhstan's first Earth observation satellite

ENERGY TECH
Target on Mars Looks Good for NASA Rover Drilling

Mars Rover Switches to Driving Backwards Due to Elevated Wheel Currents

Mission to Mars

Traces of recent water on Mars

ENERGY TECH
John C. Houbolt, Unsung Hero of the Apollo Program, Dies at Age 95

NASA Completes LADEE Mission with Planned Impact on Moon's Surface

Russia plans to get a foothold in the Moon

Russian Federal Space Agency is elaborating Moon exploration program

ENERGY TECH
Dwarf planet 'Biden' identified in an unlikely region of our solar system

Planet X myth debunked

WISE Finds Thousands Of New Stars But No Planet X

New Horizons Reaches the Final 4 AU

ENERGY TECH
Length of Exoplanet Day Measured for First Time

Spitzer and WISE Telescopes Find Close, Cold Neighbor of Sun

Alien planet's rotation speed clocked for first time

Seven Samples from the Solar System's Birth

ENERGY TECH
Equipped with New Sensors, Morpheus Preps to Tackle Landing on its Own

No Plans to Produce Zenit Rocket in Russia

Russia Gives Green Light to Super-Heavy Rocket Project

ATK Announces Contract Award from ULA to Build Composite Launch Vehicle Structures

ENERGY TECH
China issues first assessment on space activities

China launches experimental satellite

Tiangong's New Mission

"Space Odyssey": China's aspiration in future space exploration

ENERGY TECH
Halley's Comet-linked meteor shower to peak Tuesday morning

Less than a year from its Ceres rendezvous

Asteroids as Seen From Mars; A Curiosity Rover First

Curiosity spots asteroids from the surface of Mars




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.