Iraq's oil exports in April down 4.3 percent

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BAGHDAD: An Iraqi official says oil exports have dipped in April by 4.3 percent compared to March due to continued insurgent attacks on infrastructure.

Oil Ministry spokesman Assem Jihad says last month’s daily exports averaged 1.76 million barrels, down by 4.3 percent from 1.84 million barrels a day in March.

Jihad says April’s oil revenues stand at $4.222 billion with an average price of $79.66 a barrel.

March exports generated $4.351 billion.

Jihad told The Associated Press Thursday that Iraq exported 42.7 million barrels through the Persian Gulf routes and 10.3 million barrels via Turkey’s Ceyhan port.

Oil sales account for about 95 percent of Iraq’s revenues. They are a vital part of income for postwar reconstruction efforts.

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