Sunday, January 1, 2012

Iraq’s Oil Profits Rebound In November 2011, But Complications With Infrastructure And Compensation Remain


Finally, Iraq has far surpassed its profits from last year. In 2010, it averaged $4.352 billion in earnings a month, compared to $6.893 billion, and earned a total of $52.227 billion for the entire year. Iraq surpassed that amount by August of this year. So far, it has made $75.832 billion, and is on the way to earning approximately $82.5 billion total for 2011.

Category
2010
2011
Avg. Exports
1.89 mil/bar/day
2.16 mil/bar/day
Avg. Price
$75.62 per bar
$104.85 per bar
Avg. Mo. Profits
$4.352 bil
$6.893 bil
Total Profits
$52.227 bil
$75.832 bil
http://www.aknews.com/en/aknews/8/281486/

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