* OPEC basket price down to 111.59 dollars on Thursday
Erbil, January 20 (Rn) – fall in the price of OPEC basket, which includes Basrah Light of Iraq on Thursday to 111.59 dollars a barrel. and OPEC said on Friday that the price of its basket of crudes standard fell to 111.59 dollars a barrel Thursday from 78.111 dollars in the previous session , as reported, “Reuters.”
consist of 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. and rose oil exports Raw Iraq to 2.145 million barrels per day in December from 2.135 million barrels per day in 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. and Iraq member of OPEC 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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