Iraq’s oil export revenues exceeded $9.59 billion in October
A worker checks an oil pipeline at Nahr Bin Umar oil field, north of Basra, Iraq. Photo: Reuters
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil confirmed on Monday that oil export revenues through October surpassed $9.59 billion.
According to final statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during October were more than 109.54 million barrels, with revenues exceeding $9.59 billion.
SOMO data revealed that the total quantities of crude oil exported during October from oil fields in central and southern Iraq were 108,050,360 barrels; the quantities exported to Jordan were 464,728 barrels; and oil exports from the Al-Qayyarah oilfield in Nineveh governorate in northern Iraq were 1,030,501 barrels.
The average price per barrel was $87.57, compared to more than $91.35 in September.
The average daily quantity exported from Iraq in September exceeded 3.43 million barrels per day.
Iraq exported more than 106.12 million barrels in August, with total revenues of $8,997,851.
Iraq’s total exports of crude oil in July were more than 106.75 million barrels, with revenues estimated at $8.3 billion.
The country’s oil export revenues in June were about $7.11 billion, compared to more than $7.3 billion in May.
In April, Iraq’s oil export revenues exceeded $7.69 billion, according to an official statement.
The total exports of crude oil during March exceeded 100.9 million barrels, with revenues slightly exceeding $7.5 billion.
Crude oil exports during February were a little more than 92.25 million barrels with revenues exceeding $7.62 billion, while in January, Iraq exported more than 101.24 million barrels with $7.66 billion in revenues.