Iraq’s oil revenues in February exceed $7 billion
The Majnoon oilfield near Basra, Iraq. Photo: Reuters
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Sunday 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 final 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 7.62 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 price per barrel was nearly 76.6 USD, the statement elaborated.
Iraqi oil exports were loaded by 35 international companies from ports on the Arabian Gulf and through the Turkish port of Ceyhan.
Last month, Iraq exported more than 101.24 million barrels with revenues exceeding 7.66 billion USD.
The total exports of crude oil during December exceeded 103.28 million barrels with revenues exceeding 7.7 billion USD, according to final statistics issued by SOMO.
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.