Iraq’s oil export revenues surpassed $8.48 billion in November
Part of the Rumaila oilfield. Photo: Rumaila Operating Organization
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil confirmed on Monday that oil export revenues through November surpassed $8.48 billion.
According to final statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during November were more than 102.97 million barrels, with revenues exceeding $8.48 billion.
SOMO data revealed that the total quantities of crude oil exported during November from oil fields in central and southern Iraq were 101,764,620 barrels; the quantities exported to Jordan were 172,383 barrels; and oil exports from the Al-Qayyarah oilfield in Nineveh governorate in northern Iraq were 1,038,779 barrels.
The average price per barrel was $82.36, compared to $87.57 in October.
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.