Iraq's oil exports hit 1.619 M bpd in April

[voyager]

BAGHDAD, May 3 (Reuters) - Iraq's oil exports hit an average 1.619 million barrels per day (bpd) in April, bringing about $3 billion of much needed revenue into the state budget, Oil Minister Hashem al-Hashemi said on Wednesday.

http://www.alertnet.org/thenews/newsdesk/MAC327425.htm

Wow - $3 billion of income in one month. that equates to $36 billion per year at this level.

I expect that this output will rise over the following months too. Won't take long before Iraq is making $75 billion per year from oil exports. this is not including revenus from gas exports.

my prediction is US$0.30 per dinar !!!!!!

Bring it on :D :D

[Switchgear]

Keep on pumping Iraq!!!! I hope you are right on the $.30 I'll take that all day long!!!

[TiredOfWork]

Keep on pumping Iraq!!!! I hope you are right on the $.30 I'll take that all day long!!!
This is great news, however, the real profit starts once they begin refining more of it within Iraq. Right now, they are importing refined fuel, and that eats up a lot of the profits. Once refineries are productive, the real money starts hitting the bottom line.

[dsw7505]

This is great news, however, the real profit starts once they begin refining more of it within Iraq. Right now, they are importing refined fuel, and that eats up a lot of the profits. Once refineries are productive, the real money starts hitting the bottom line.
I totally agree.

[Alphamystic]

Come ooonnn Iraq, come ooonnn oil, come ooonnn reval!! :happy64: :happy64: :happy64: