Iraq oil exports approach record levels, rise in September

Baghdad (IraqiNews.com) Iraq’s oil exports have risen in the past month of September to 2.534 million barrels per day in comparison to 2.38 million bpd in the previous month of August.

Oil exports of September approached the record level achieved in Iraq last May when it registered 2.58 million barrels per day; it is the highest since 2003.

On Thursday Reuters quoted a spokesman for the Iraqi Oil Ministry that the country’s oil exports amounted to an average of 2.534 million barrels per day in September.

The spokesman said that the oil exports achieved revenues of 7 billion dollars.

The total exports are shipped in southern Iraq. The Kirkuk oil exports through the line of Kirkuk – Ceyhan are parked because of militant attacks on the line since last March.

After 3 months of the advancement of ISIS in northern Iraq, the oil prices raised to $ 115 a barrel, however, the fighting did not cause the decline in exports from the south of Baghdad, where there is the main port of the country’s shipments of crude to the world markets.