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Iraq’s oil revenues rise US$200 million in April

During April Iraq exported 54.7m barrels of oil, making $2.7 billion

By Kevin Baxter  
Iraq's oil revenues rise US$200 million in April
Iraq's oil revenues rise US$200 million in April
By Kevin Baxter  

Good news at last for Iraq’s beleaguered Oil Ministry as its official spokesman stated that the Gulf state had increased its oil revenues by US$200 million.

“During April 2009, Iraq exported 54.7 million barrels of oil, making revenues of $2.7 billion at an oil price of $49.21 a barrel,” Assim Jihad is reported by the Aswat al-Iraq news agency as saying.

Jihad  also said that Iraq’s oil revenues in March 2009 were $2.5 billion and said a total of 26 Arab, Asian, U.S. and European companies bought the country’s oil in April 2009.
 

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