Iraq’s oil revenues in February exceed 7 billion USD
Baiji oil refinery, north of Baghdad. Photo: Reuters
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Wednesday that oil export revenues for February exceeded seven billion USD, according to the Oil Ministry statement cited by the Iraqi news Agency (INA).
According to the initial statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during February exceeded 92.25 million barrels with revenues exceeding 7.08 billion USD, the statement mentioned.
The statement indicated that the total quantities of crude oil exported during February from oil fields in central and southern Iraq were more than 89.14 million barrels, while the quantities exported from oil fields in Kirkuk through the port of Ceyhan were more than 2.83 million barrels.
The average daily quantities exported were more than 3.29 million barrels, and the average price per barrel was nearly 76.75 USD, the statement elaborated.
Iraqi oil exports are loaded by international companies from ports on the Arabian Gulf and through the Turkish port of Ceyhan.
The total exports of crude oil during January exceeded 101.24 million barrels with revenues exceeding 7.66 billion USD, according to final statistics issued by SOMO.
Oil exports in December exceeded 103.28 million barrels with revenues exceeding 7.7 billion USD, SOMO mentioned earlier.