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KSA, Iraq, Iran boost oil exports in February: JODI

: Saturday, April 19 - 2014 @ 01:44

The Joint Organisations Data Initiative (JODI) has said that Saudi Arabia has increased by 3.5% crude exports in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, Bloomberg has reported. The kingdom shipped 7.76 million barrels a day, compared with 7.5 million in January, data posted on the initiative’s website showed. Iran’s exports grew 29% to 1.65 million barrels a day in February, while OPEC’s largest producer after Saudi Arabia, Iraq increased exports to 2.8 million barrels a day, up 26% from January, the data showed. Iraq sold the most in February since at least 2002, when JODI started collecting data from member states.

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Saturday, April 19- 2014 @ 1:44 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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