August 27th, 2009
Oil exports from Iraq reached the highest level in July 2003, totaling 63 million barrels, according to statements of Assem Jihad, Oil Ministry spokesman, quoted AFP.
Figures made public by Jihad show in July that Iraq exported 63 million barrels to 57 million barrels in June.
As regards the profit from export activity, at the average of oil price of 64.42 dollars per barrel, Baghdad received 4.66 billion dollars. Iraq has prepared the budget for 2009 taking into account an average oil price of 50 dollars per barrel.
The current level of oil exports is comparable to that of 2003, when oil exports were about two million barrels a day, equivalent of 62 million barrels per month. Oil represents 87% of total revenue in Iraq, state that intends to double its exports over the next five years.
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Posted in Finance, Forex, Money, Trade | No Comments »
August 24th, 2009 | No Comments »
The American company News Corp. examines selling the company that calculates the Dow Jones index, with a history of 125 years, of American stock exchange.
Also, they hired the financial group Goldman Sachs to attract investors, said a close source to situation cited by the British daily Financial Times.
News Corp., a company controlled by billionaire Rupert Murdoch, took over the Dow Jones’ business... Read More
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August 20th, 2009 | No Comments »
The European shares have appreciated in the Tuesday meeting; after stock index reached a minimum of the last two weeks in the previous session, in the context in which the increase in the oil price sustained energy companies, reports Reuters.
FTSEurofirst 300, index of major European shares, was subject to pressure after what the data showed that the number of houses in the United States for which... Read More
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August 10th, 2009 | No Comments »
Index of consumer prices in Estonia has to minus for the third consecutive month, at an annualized calculation.
Thus, prices in Estonia are now 0.7% lower than in July last year. A story that apparently would go unnoticed, while Estonia is a small and remote country. Only that deflation trend emerged in Estonia spread on the continent, and prices across Europe are declining.
Normally, the news announces... Read More
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August 6th, 2009 | No Comments »
Societe Generale, the second bank in France by market value, has announced that profits fell by 52% in the second quarter, below analysts’ expectations, on the background of write-down operations (reduction accounting value of assets) and increase provisions to loans.
The lowered profit of 309 million euro from 644 million euro after a year, according to the bank headquarters in Paris. The results... Read More
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