Iraq exports over 106 mln barrels of crude oil in July

STORY: Iraq exports over 106 mln barrels of crude oil in July DATELINE: Aug. 2, 2023 LENGTH: 00:01:09 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of Iraqi oil fields STORYLINE: Iraq exported about 106.75 million barrels of crude oil in July, generating 8.29 billion U.S. dollars in revenue, the country's Oil Ministry announced on Tuesday. The average price of Iraqi crude oil in July was 77.69 dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. About 105.48 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, and 922,755 barrels from the Qayyara oilfield in the northern province of Nineveh, and 344,804 barrels were sent to neighboring Jordan during the month, the statement said. Oil exports from the northern province of Kirkuk via the Turkish port of Ceyhan on the Mediterranean were suspended after Baghdad won an arbitration case against Türkiye in late March ov

Iraq exports over 100 mln barrels of crude oil in June

STORY: Iraq exports over 100 mln barrels of crude oil in June DATELINE: July 2, 2023 LENGTH: 00:01:08 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of Iraqi oil fields STORYLINE: Iraq exported about 100.6 million barrels of crude oil in June, generating 7.1 billion U.S. dollars in revenue, the country's Oil Ministry announced Saturday. The average price for Iraqi crude oil in June was 71.1 dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. More than 98.7 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, nearly 1 million barrels from the Qayyara oilfield in the northern province of Nineveh, and 299,445 barrels were sent to neighboring Jordan during the month, the statement said. Oil exports from the northern province of Kirkuk via the Turkish port of Ceyhan on the Mediterranean were suspended after Baghdad won an arbitration case against Türkiye in late March

Iraq exports about 99 mln barrels of crude oil in April

STORY: Iraq exports about 99 mln barrels of crude oil in April DATELINE: May 3, 2023 LENGTH: 00:01:15 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of Iraqi oil fields STORYLINE: Iraq exported about 98.63 million barrels of crude oil in April, generating 7.79 billion U.S. dollars in revenue, the country's oil ministry announced Tuesday. The average price for Iraqi crude oil in April was 79 dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. It said that all crude oil exports during the month were from oil fields in central and southern Iraq via the port of Basra. In late March, Iraq halted the exports of some 450,000 barrels per day of oil from its northern fields to the Turkish Mediterranean port of Ceyhan through a pipeline, after it won an arbitration case against Türkiye over a long dispute on the independent export of oil by the semi-autonomous Kurdistan Regional Government. On April 4, the Iraqi fed

Arrest warrant sought for IOC's S. Korean vice president

Arrest warrant sought for IOC's S. Korean vice president

SEOUL, South Korea - South Korean prosecutors sought an arrest warrant Jan. 27 for suspended International Olympic Committee Vice President Kim Un Yong (in file photo) on suspicion of bribery, embezzlement and foreign currency law violation. The 72-year-old Kim is suspected of having embezzled funds amounting to about 4 billion won (about $2.16 million), donated by businesses to the World Taekwondo Federation and South Korea's taekwondo association.

Kim apologizes over money sent to N. Korea before 2000 summit

Kim apologizes over money sent to N. Korea before 2000 summit

SEOUL, South Korea - President Kim Dae Jung speaks to the nation from his office in Seoul on Feb. 14 and apologized for allowing secret funds to be transferred to North Korea before a June 2000 inter-Korean leaders' summit in Pyongyang. Hyundai Merchant Marine Co. allegedly funneled 223.5 billion won (about $186 million) in secret aid to the North.

S. Korean president's 2nd son arrested in bribery case

S. Korean president's 2nd son arrested in bribery case

SEOUL, South Korea - Kim Hong Up (C), the second son of South Korean President Kim Dae Jung, arrives at the Prosecutor's Office in Seoul on June 21. He was arrested soon afterwards on a charge of accepting 2.28 billion won (about $1.85 million) in bribes from business executives in exchange for using his influence to help them.

S. Korea's Daewoo Motor declared bankrupt

S. Korea's Daewoo Motor declared bankrupt

SEOUL, South Korea - Korea Development Bank Governor Uhm Rak Yong speaks at a news conference in Seoul on Nov. 8 after the bank decided to declare Daewoo Motor Co. bankrupt. Uhm said the Daewoo management will decide on whether the firm will apply for court receivership, which will install trustees. Daewoo failed to repay 88.7 billion won (about $78 million) in debts by the close of business on Nov. 7, including 44.5 billion won it had failed to repay the previous day.

Kim Hyun Chul arrested

Kim Hyun Chul arrested

Kim Hyun Chul, the second son of South Korean President Kim Young Sam was arrested ony May 17, 1997 on suspicion of taking bribes and evading taxes. The junior Kim, who does not hold any public post, is suspected of having received nearly 3.2 billion won (about 3.4 million dollars) from two businessmen in return for influence peddling.

Kim Hyun Chul arrested

Kim Hyun Chul arrested

Kim Hyun Chul, the younger son of South Korean President Kim Young Sam was arrested ony May 17, 1997 on suspicion of taking bribes and evading taxes. The junior Kim, who does not hold any public post, is suspected of having received nearly 3.2 billion won (about 3.4 million dollars) from two businessmen in return for influence peddling.

Kim apologizes over money sent to N. Korea before 2000 summit

Kim apologizes over money sent to N. Korea before 2000 summit

SEOUL, South Korea - President Kim Dae Jung speaks to the nation from his office in Seoul on Feb. 14 and apologized for allowing secret funds to be transferred to North Korea before a June 2000 inter-Korean leaders' summit in Pyongyang. Hyundai Merchant Marine Co. allegedly funneled 223.5 billion won (about $186 million) in secret aid to the North. (Kyodo)

Arrest warrant sought for IOC's S. Korean vice president

Arrest warrant sought for IOC's S. Korean vice president

SEOUL, South Korea - South Korean prosecutors sought an arrest warrant Jan. 27 for suspended International Olympic Committee Vice President Kim Un Yong (in file photo) on suspicion of bribery, embezzlement and foreign currency law violation. The 72-year-old Kim is suspected of having embezzled funds amounting to about 4 billion won (about $2.16 million), donated by businesses to the World Taekwondo Federation and South Korea's taekwondo association. (Kyodo)

S. Korea's Daewoo Motor declared bankrupt

S. Korea's Daewoo Motor declared bankrupt

SEOUL, South Korea - Korea Development Bank Governor Uhm Rak Yong speaks at a news conference in Seoul on Nov. 8 after the bank decided to declare Daewoo Motor Co. bankrupt. Uhm said the Daewoo management will decide on whether the firm will apply for court receivership, which will install trustees. Daewoo failed to repay 88.7 billion won (about $78 million) in debts by the close of business on Nov. 7, including 44.5 billion won it had failed to repay the previous day.