Iraq’s oil revenues in May exceed $7.32 billion
The West Qurna oil field near Basra, in southern Iraq. Photo: AP
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Monday that oil export revenues during May exceeded $7 billion.
According to final statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during May were 102,463,387 barrels, or $7,324,641.
SOMO data revealed that the total quantities of crude oil exported during May from oil fields in central and southern Iraq were 102,206,413 barrels, while the quantities loaded from warehouses to Jordan were 256,974 barrels.
The average price per barrel was more than $71.48.
Iraqi oil exports during May were loaded by 39 international companies from ports on the Arabian Gulf and through the Turkish port of Ceyhan.
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.