Iraq’s oil export revenues in July exceed $8 billion
The Rumaila oil field in Basra, Iraq. Photo: Reuters
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Wednesday that oil export revenues during July exceeded $8 billion.
According to final statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during July were more than 106.75 million barrels, with revenues estimated at $8.3 billion.
SOMO data revealed that the total quantities of crude oil exported during July from oil fields in central and southern Iraq were 105,487,610 barrels; the quantities exported to Jordan were 344,804 barrels; and oil exports from the Al-Qayyarah oilfield in Nineveh governorate in northern Iraq were 922,755 barrels.
The average price per barrel was a little more than $78, compared to more than $71.75 in June.
The average daily quantity exported from Iraq exceeded 3.44 million barrels per day.
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.