02 March, 2010Iraq's oil exports more than two million barrels per day
Said ministry spokesman Assem Jihad, the oil that oil exports exceeded two million barrels per day for the first time since the invasion of Kuwait in 1990, and the imposition of international sanctions on the former Iraqi regime.
Jihad said in a press statement that oil exports to the month of February amounted to and 69 thousand barrels, adding that this figure is the highest rate of export since 1990.
It is said that exports last month amounted to 59,7 million barrels, or a rate of 1,9 million a day, achieving revenues of more than four billion dollars.
The jihad is a step in the plan of the ministry to reach the quantities exported 2,150 million barrels per day in 2010. "It is said that Iraq was producing about 2,4 million barrels per day of oil, which accounts for 85 percent of state revenue.
The ministry has signed contracts with foreign companies to develop fields so that the session is expected to reach production to about 12 million barrels per day within six years.
Iraq has the third oil reserves in the world is estimated at 115 billion barrels, behind Saudi Arabia and Iran.
VinTV
