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Iraq's Oct. Oil Exports Drop Due to Attacks - ASHARQ AL-AWSAT English Archive
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BAGHDAD, (AP) – An Iraqi official says insurgent attacks caused a 4 percent drop in the country’s oil exports in October compared to the previous month, but that revenues were up due to higher prices.

Oil Ministry spokesman Assem Jihad says exports averaged 1.877 million barrels a day in October, grossing $4.187 billion with an average price of $71.94 a barrel.

September oil exports stood at 1.956 million barrels a day and yielded $3.877 billion with an average price of $66.05 a barrel.

Jihad told The Associated Press Sunday the slip in exports was due to two insurgent attacks on the pipeline that sends crude to Turkey’s Mediterranean port of Ceyhan, causing a nine-day disruption.

Oil sales account for about 95 percent of Iraq’s total revenue.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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