Iraq’s oil revenues in December exceed 7.6 billion USD
The Rumaila oil field in Basra, Iraq. Photo: Reuters
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Monday that oil export revenues for December exceeded 7.6 billion USD, according to the Oil Ministry statement cited by the Iraqi news Agency (INA).
According to initial statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during December exceeded 103.28 million barrels with revenues exceeding 7.6 billion USD, the statement mentioned.
The statement indicated that the total quantities of crude oil exported during December from oil fields in central and southern Iraq were more than 100.7 million barrels, while the quantities exported from oil fields in Kirkuk through the port of Ceyhan were more than 2.22 million barrels.
The average price per barrel exceeded 73.64 USD, the statement elaborated.
The Iraqi Ministry of Oil started to share information about its oil export operations and revenues out of its awareness and belief to let the information available for the Iraqi people.
The Iraqi Ministry of Oil announced earlier that oil export revenues for November exceeded eight billion USD, with an average price exceeding 82.41 USD per barrel, while revenues of oil exports during October were more than nine billion USD.