Iraq’s oil crude exports decrease of nearly 4.8%

Iraq’s crude exports have averaged 2.229 million barrels a day in January, a decrease of nearly 4.8 percent from the previous month, Iraq’s Oil Ministry said in a statement posted on its website Wednesday afternoon. The ministry also said last month’s revenues stood at $7.074 billion, based on an average price of $102.373 per barrel. December’s oil exports averaged 2.341 million barrels a day, bringing that month’s revenues to $7.470 billion, based on an average price of $102.893 per barrel. The statement quoted the oil minister as blaming bad weather and sabotage attacks for the dip in exports.