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Iraq oil sales recover from lows, but still below peak

Nov. 23, 2013 3:07 P.M. (Updated: Nov. 23, 2013 3:07 P.M.)
BAGHDAD (AFP) -- Iraq's oil exports in October recovered from a 19-month low, but remained far below their peak due to ongoing maintenance and sabotage of pipelines, figures released on Saturday showed.

Iraq exported 69.8 million barrels of oil in October, or 2.25 million barrels per day, resulting in overall revenues of $7.16 billion, according to the oil ministry.

The figures marked an increase from September's 19-month low of 2.07 million bpd, but remained below the 2.62 million bpd exported in April.

"There was an increase in the amount of production compared to September, despite ongoing maintenance in the southern terminals and the suspension of pumping along the Kirkuk-Ceyhan pipeline several times due to sabotage," the ministry statement said.
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