Iraq Exported Oil in July to Eight Billion Dollars

Announced that the Iraqi Oil Ministry announced yesterday that the country's exports of crude oil rose in the (July) to 2.442 million barrels per day in an average of 2.423 million barrels per day in the previous month.

And issued a statement which drew that shipments from the northern Kirkuk oil fields are still parked. The total selling price of Iraqi crude to $ 102.8 per barrel and revenues of $ 7.8 billion in July. Iraq exports most of its oil from the ports of the south.

Furthermore, Turkish officials said that Iraq's Kurdistan oil pumping through a pipeline to the Turkish port of Ceyhan resumed yesterday at a rate of 75 thousand barrels per day after a stopover late last month due to full storage tanks. They pointed out that the sixth tanker carrying 260 thousand barrels of Kurdish oil left the port of Ceyhan after the completion of the download.

In the markets, the combination settled «Brent» near $ 105 a barrel, as it overshadowed fears of a global glut in the supply of concern about the violence raging in the Middle East and North Africa. And paid an oversupply in the markets of West Africa, Europe and America «Brent» to decline 3.3 percent despite the political and security tensions in Iraq, Libya and Ukraine that can disrupt crude production in the future.

Crude rose «Brent» 16 cents to $ 105 a barrel, after falling $ 1.18 on Friday to 104.84 dollars, its lowest settlement price since the second of April. U.S. crude rose 20 cents to 98.08 dollars after they ended the week at its lowest settlement since February 6 (February).

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