Iraq’s oil revenues in January exceed 7.6 billion USD
The Rumaila oil field in Basra, Iraq. Photo: Reuters
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Wednesday that oil export revenues for January exceeded seven billion USD, according to the Oil Ministry statement cited by the Iraqi news Agency (INA).
According to initial statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during January exceeded 101.24 million barrels with revenues exceeding 7.6 billion USD, the statement mentioned.
The statement indicated that the total quantities of crude oil exported during January from oil fields in central and southern Iraq were more than 98.46 million barrels, while the quantities exported from oil fields in Kirkuk through the port of Ceyhan were more than 2.47 million barrels.
The average price per barrel exceeded 75.96 USD, the statement elaborated.
Iraqi oil exports are loaded by international companies from ports on the Arabian Gulf and through the Turkish port of Ceyhan.
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.