* Source: Iraq’s oil imports in 2011 amounted to about $ 83 billion

January 3rd, 2012 07:08 am · Posted in NEWS: Dinar Currency & World Currency News 

Sulaimaniya, January 3 (Rn) – The Undersecretary of the Iraqi Oil Ministry, said Tuesday that Saddarat Iraq from the oil during the last year hit 63 million barrels of oil, noting that the financial revenues from these exports in 2011 amounted to about $ 83 billion U.S..

According to Mutasim Akram, told the Kurdish news agency (Rn), that “the total production of Iraqi oil during the December / December last year amounted to 2,000,924 barrels of oil per day were exported 2,000,055 barrels of them, while the allocation of the remainder for domestic consumption,” noting that “Total exports of Iraqi oil during the last month reached 63 million and 705 thousand barrels of oil.” added Akram that “the total imports of Iraqi oil during 2011 amounted to 833 about 83 billion U.S. dollars.” The Iraqi Oil Ministry has said on its official, the “Iraq’s oil exports since January up to December / December of last year reached 724 million barrels of oil,” indicating that “the total imports of such oil exports reached 75 billion and $ 945 million U.S..” intends to Iraq, a member of OPEC to increase its exports to 12 million barrels per day by the year 2017 after the concluded deals with global energy companies to develop fields of the country. The production of the country currently has about 2.8 million barrels per day and an imports about 95 per cent of the country’s budget finances.

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