Iraq

Chemical Products

04-07-2022

Iraq exports 101 mln barrels of crude oil in June

Iraq

Iraq exported 101.19 million barrels of crude oil in June, bringing in revenues worth 11.5 billion U.S. dollars, said the Iraqi Oil Ministry, Trend reports citing Xinhua. The average price for crude oil in June was 113.7 dollars per barrel, according to a ministry statement, citing statistics from the State Organization for Marketing of Oil. A total of 97.98 million barrels were exported from oil fields in central and southern Iraq via the Port of Basra, while about 2.91 million barrels from the northern province of Kirkuk via the Turkish port of Ceyhan on the Mediterranean, it said. The average crude oil exports in June reached 3.37 million barrels per day, it added. Oil prices have risen in global markets since the outbreak of the Russia-Ukraine crisis, benefiting Iraq and other oil export countries. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's revenues.

 

Sixty-five flights were canceled on Saturday at Lisbon airport, causing long queues and thousands of passengers without accommodation and alternative solutions, Trend reports citing Xinhua. According to the airline TAP, the cancellations were caused by the bursting of the tires of a private jet, which forced the closure of the airport's runway. In turn, the air controller ANA (Aeroportos de Portugal), claimed that the situation was the result of a broader problem of "constraints at several European airports." "Due to a set of constraints at several European airports, 65 canceled flights are planned for today - 40 arrivals and 25 departures," ANA said in a statement sent to the press. According to the company, Lisbon airport "implemented measures to support airlines, namely the installation of additional mobile counters to reschedule flights."