Medical and Hospital News  
OIL AND GAS
Iraq oil exports and revenue down in February
by Staff Writers
Baghdad (AFP) March 1, 2016


Iraq's oil exports and revenue dipped in February compared with the previous month as low global crude prices offered Baghdad no financial respite, a statement said on Tuesday.

Iraq's federal government exported a total of 93,536,000 barrels of crude last month, which amounts to a lower daily average than January, the oil ministry said.

Revenue slipped only slightly to "over $2.2 billion", with the barrel averaging a price of more than $23 dollars in February, up slightly from the previous month, it said.

The 2016 budget agreed by the Iraqi government, which is heavily reliant on oil income, is based on a per-barrel price of $45.

Revenue is further slashed by the fact that the autonomous Kurdistan region has in recent months been independently exporting oil from Kirkuk, a disputed province that is largely held by Kurdish forces but is also claimed by Baghdad.

The Kurdistan region's government announced last month it had made close to $4 billion from independent sales over the second half of 2015.

Baghdad faces a huge budget crunch, with the massive cost of running the war against the Islamic State group and sustained public pressure to deliver better services.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Oil rebounds on China stimulus move
London (AFP) Feb 29, 2016
World oil prices rebounded Monday after China's latest stimulus move boosted hopes of strengthening demand in the key energy consumer. Around 1700 GMT, the US benchmark West Texas Intermediate (WTI) for delivery in April rose 78 cents at $33.56 per barrel. In London, Brent North Sea crude for April advanced 96 cents to $36.06 compared with Friday's close. China's central bank on Mon ... read more


OIL AND GAS
Nuclear water: Fukushima still faces contamination crisis

Screening truffles for radioactivity 30 years from Chernobyl

MH370 lawsuits gain pace as two-year deadline nears

Brazil police charge seven in Samarco mine deaths: reports

OIL AND GAS
Europe speeds up launches for sat-nav system

NASA Contributes to Global Navigation Standard Update

Sea level mapped from space with GPS reflections

Wirepas launches a dedicated connectivity product for beacons

OIL AND GAS
Easter Island not destroyed by war, analysis of 'spear points' shows

Neanderthals and modern H. sapiens crossbred over 100,000 years ago

Neanderthals mated with modern humans much earlier than previously thought

Modern 'Indiana Jones' on mission to save antiquities

OIL AND GAS
Dodos might have been quite intelligent, new research finds

Humans speeding up evolution by causing extinction of 'younger' species

Creation of an island: The extinction of animals on Zanzibar

Fifth of Finland's wolves killed in month-long cull

OIL AND GAS
Brazil military fight mosquitoes, flower pot to flower pot

What does turbulence have in common with an epidemic?

New study highlights effectiveness of a herpesvirus CMV-based vaccine against Ebola

Brazil army will go door-to-door in fight against Zika

OIL AND GAS
Chinese rights lawyer masterminded "illegal religious gatherings": report

China takes down gay online drama: report

Hong Kong finance chief warns of political unrest as economy weakens

Flagship gallery show raises fears for Hong Kong arts

OIL AND GAS
Two Mexican marines, suspect killed in shootout

OIL AND GAS
G20 nations pledge all tools to lift growth

G20 nations face slowing global growth in China meeting

China cuts reserve requirements in bid to boost economy

China central bank chief seeks to reassure on yuan, growth









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.