Iraq monthly crude exports highest in two decades

Oil ministry says $8.4bn generated by 2.65 mbpd exports in August

Oil ministry said it pumped a total 79.5 million barrels for export in August, bringing in revenue of $8.445 billion. GETTY IMAGES
Oil ministry said it pumped a total 79.5 million barrels for export in August, bringing in revenue of $8.445 billion. GETTY IMAGES

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.


 

 

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