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.
Loading ...
Posted in Finance, Forex, Money, Trade | No Comments »
May 29th, 2009 | No Comments »
Japanese Stock Exchange closed the Thursday session down after the yen appreciated against the dollar and because of bleak economic forecasts made by the U.S. central bank, the Federal Reserve.
According to the closing dates, Nikkei 225 index of major securities listed on the Tokyo Stock Exchange decreased by 0.86% to 9264.15 points. The Topix index turned down with 0.55% to 881.44 points.
The dates... Read More
Loading ...
May 20th, 2009 | No Comments »
After transaction the main stock indices of U.S. market registered a slight decrease between 0, 2-0, 5%.
Decrease comes after a pronounced rise of the indices in the first day of bidding from this week, generated by the hopes of returning from crisis of the property market, informs Reuters.
By the closing stock, Dow Jones index fell by 0.2% to 8410.65 points.
Standard & Poor `s 500, the most representative... Read More
Loading ...
May 4th, 2009 | No Comments »
Shares on European stock exchanges recorded first decline in the last seven weeks, as the profits obtained by companies, have disappointed investors’ expectations, fueling fears about the future.
After what shares listed on European stock markets advanced for seven consecutive weeks, European and Asian stock exchanges have entered yesterday in decline on the backdrop of increasing concerns according... Read More
Loading ...
April 27th, 2009 | No Comments »
Asian stock exchanges have registered decreases, based on the pessimism background of the financial and profits sector, announced by companies.
China Mobile, the largest mobile operator in the world, has lowered by 5.5% on the exchange in Hong Kong.
Orix, the financial non-banking company in Japan fell by 7.2% in Tokyo while BHP Billiton, the largest mining company in the world, registered a decline... Read More
Loading ...
April 20th, 2009 | No Comments »
Asian stock exchanges have continued for a fourth day in succession advances, led by banks and by mining companies, after Goldman Sachs announced that record profits will exceed estimates and metals prices rose, according to Bloomberg.
The commonwealth Bank of Australia, the largest mortgage bank in Australia, climbed by 3.8%. HSBC Holdings, the largest bank in Europe, jumped by 4.1% in the Hong Kong... Read More
Loading ...
