| 2008: Oil revenues higher in May |
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June 23, 2008 Iraq's oil proceeds rose by over 21 percent in May 2008, compared to April 2008, an official spokesman for the Iraqi Ministry of Oil said on Monday, citing the international increase in oil prices as the main reasonc behind the hike. "In May, Iraq's oil revenues were 7.177 billion U.S. dollars, compared to 5.922 billion in April…," Aasem Jihad told Aswat al-Iraq-Voices of Iraq-(VOI). A total of 48.6 million barrels were exported through the southern ports of Basra, and 13.800 million barrels through the Turkish Cehyan Port to world markets, the spokesman explained. Nearly 22 international companies from Europe, Asia and the United States bought the crude, which was sold for $115.016 a barrel in May, compared to $103.7 in April, the spokesman added. Source: Voices of Iraq |