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Iraq monthly crude exports highest in two decades

Iraq’s Oil Ministry has confirmed that it exported 2.65 million barrels a day of oil in August, generating the highest monthly oil export revenue in two decades.

Iraq monthly crude exports highest in two decades

Iraq’s Oil Ministry has confirmed that it exported 2.65 million barrels a day of oil in August, generating the highest monthly oil export revenue in two decades.

In a statement on its website, the ministry said it pumped a total 79.5 million barrels for export in August, bringing in revenue of $8.445 billion.

Oil Ministry spokesman Assim Jihad said that the total figures consisted of Basra exports of 69.8 million barrels generating $7.414 billion and Kirkuk exports of 9.7 million barrels generating $1.031 billion.

The average oil price realized over the period was $106.226 a barrel.

Exports reached 37 customers through marine terminals at Basra and Khor Al-Amia, the Turkish Ceyhan port on the Mediterranean and by tanker trucks to Jordan.

Source : Neftegaz.RU


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