Iraq’s oil revenues in March exceed 7 billion USD
Workers adjusting valves in an oil facility in Iraq. Photo: Iraqi News Agency
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Thursday that oil export revenues during March exceeded seven billion USD.
According to final data issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during March exceeded 100.9 million barrels with revenues slightly exceeding 7.5 billion USD.
SOMO data revealed that the total quantities of crude oil exported during March from oil fields in central and southern Iraq were more than 98.87 million barrels, while the quantities exported from oil fields in Kirkuk through the Turkish port of Ceyhan were nearly 1.73 million barrels.
The average price per barrel was more than 74.38 USD.
Iraqi oil exports are loaded by international companies from ports on the Arabian Gulf and through the Turkish port of Ceyhan.
Last month, crude oil exports exceeded 92.25 million barrels with revenues exceeding 7.62 billion USD.
In January, 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.