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Mr. Al Luiebi: The Oil Exportation Was High During the First Half of 2018.

The Minister of Oil said that the Ministry of Oil Achieved a Significant raise in the Oil Exports and outcome during the first half of 2018

Mr. Jabbar Ali Al-Luiebi the minister of oil said that the ministry of oil achieved a significant raise in the oil exports and outcome during the first half of 2018 In comparison to 2017.

   Mr. Al-Luiebi said that the outcome of the exported oil during the first half of 2018 was (40,345,235,000) dollars. In comparison to the first half of 2017 which was (27,642,329,000) dollars. He said also that the exported oil during the first half of 2018 raised to (625,193,749) barrels in comparison to the first half of 2017 which was (592,439,163) barrels.

   Mr. Al-Luiebi said also that the oil price for June 2018 was (69) dollars and (322) cents in comparison to June 2017 which was (42) dollars and (067) cents. Which can support the federal budget and compensate the deficit “as Mr. Al-Luiebi said”.

Source: Ministry of Oil

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