Iraq oil exports dip after jihadist offensive

Iraq oil exports dip after jihadist offensive
by Staff Writers
Baghdad (AFP) July 24, 2014

Iraq exported 2.42 million barrels of oil per day in June, the month of a jihadist offensive, the oil ministry said, falling far short of a budgeted projection of 3.4 million bpd.

Ministry spokesman Assem Jihad said June exports generated revenue of $7.47 billion, or $600 million less than in May, despite higher oil prices.

Violence that erupted in early June when jihadist-led militants overran Iraq's north and west has prevented Baghdad from exporting oil via a pipeline to Turkey and by road to Jordan.

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