Iraq made $7.3bn in revenue from oil exports in May

The vast majority came from oilfields in central and southern Iraq

Iraq, Basra, Exports, Kirkuk

Iraq's oil ministry announced that the country exported 110.7mn barrels of oil in May 2019, according to the Iraqi Oil Marketing Company. It made $7.3bn in revenue from oil exports that month.

Oil ministry spokesperson Assem Jihad said that oilfields in central and southern Iraq produced 96% of the total amount exported, accounting for the same proportion of revenue.

Kirkuk oil exported through Ceyhan hit 3.1mn barrels, with revenue at $209mn, and exports from Qayara field amounted to 895,151 barrels, with revenue at $31.6mn.

Jihad noted that the average price per barrel sat at $66, and that 40 international companies of different nationalities loaded the crude from multiple ports.

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