* OPEC basket price up to 109.40 dollars on Tuesday

January 4th, 2012 07:25 am · Posted in NEWS: Dinar Currency & World Currency News 

Erbil, January 4 (Rn) – The OPEC basket price, which includes Basrah Light of Iraq on Tuesday to 109.40 dollars a barrel. and OPEC said on Wednesday that the price of its basket of crudes standard rose to 109.40 dollars a barrel on Tuesday from 106.84 dollars on Friday .

consists OPEC basket of 12 crude is a mix deserts of Algeria and crude Girassol Angolans and Iran’s heavy crude, Basra Light of Iraq and export of Kuwait and Sidr Libya and Bonny Light of Nigeria and sea country and Arab Light Saudi Murban UAE and Mary Venezuelan Oriente from Ecuador. Exports of crude oil of Iraq to 2.145 million barrels per day in December / December of 2.135 million barrels per day in October / November. Iraq seeks to export 2.6 million barrels per day during the current year according to the plan included in the budget of the country’s financial dependent on oil imports by 95 per cent. Iraq is a member of the Organization of Petroleum Exporting Countries and has the fourth-largest oil reserves in the world, and entered into agreements with global energy companies to raise production to 12 million barrels per day by 2017. Open: Abdullah Sabri

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