Iraq Oil Revenues Decline

By John Lee.

Iraq exported a total of 872.3 million barrels of oil last year, giving an average of 2.39 million barrel per day, down from 2.42 million bpd in 2012, according to AFP.

Revenue for the year was also down, falling from $94.02 billion in 2012 to $89.22 billion last year.

OPEC said Iraqi oil production declined 1.8 percent from November to settle at 2.9 million barrels per day in December.

(Sources: UPI, AFP)

(Oil revenue image via Shutterstock)