Iraqi oil exports in May hit a new high after the war

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(Free-Press-Release.com) June 27, 2011 -- 22 Iraqi Oil Ministry, said Iraqi crude oil exports in May this year, the total amount of 6900 million barrels, created after the 2003 Iraq war, crude oil exports of the highest single-month record.

Iraqi Oil Ministry said in a statement that the Iraqi Oil Ministry in May at an average price of $ 108.261 per barrel of crude oil exports of these,10-hydroxydecanoic acid manufactures , a total of $ 7,047,000,000 to create revenue.

The statement said that all crude oil exports in May, the 5350 million barrels of exports through the southern Iraqi port of Basra, the rest of 1550 million barrels Kirkuk oil fields in northern Iraq through Turkey, leading to the port of Ceyhan export pipeline.

Iraq has proven oil reserves of about 1150 billion barrels,CAS 1679-53-4 , accounting for 10% of total global reserves, behind Saudi Arabia and Iran, ranking third in the world. Iraq's oil export revenues in the state 95% of total fiscal revenue in recent years, the Iraqi government has been committed to increase the crude oil exports to increase revenue.

Currently,10-Hydroxydecanoic Acid price , Iraq and several foreign energy companies signed a total of 12 oil field development services contract, scheduled to end this year, crude output from the current 2.5 million barrels to 300 million barrels. Source: www.mhcfm.com