BAGHDAD: Iraqi oil revenue has diminished in January due to poor weather conditions and drop in oil prices, the Iraqi Ministry of Oil said in a statement.
Exports reached 78.6 million barrels in January, a 38.8 percent decrease compared to December 2014, which led to a 36.9 percent reduction in income, at around $3.26 billion.
“More than 74.1 million barrels were exported from Basra’s southern ports and 4.5 million barrels from Kirkuk,” Assim Jihad, the Iraqi Ministry of Oil’s spokesman, told The Anadolu Agency.
The Iraqi Ministry of Oil announced that the amount of oil exports in December 2014 had reached 91.2 million barrels for a revenue of $5.16 billion.