Iraq’s oil revenues in September nearly 9 billion USD
A ship is connected to the Basra Oil Terminal off the Iraqi coast in Northern Arabian Gulf near the port town of Umm Qasr. Photo: AFP
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Thursday that oil export revenues for September reached nearly nine billion USD, according to the Oil Ministry statement cited by the Iraqi news Agency (INA).
According to the final statistics issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during September exceeded 98.76 million barrels with revenues exceeding 8.84 billion USD, the statement mentioned.
The statement also elaborated that the total quantities of crude oil exported during September from oil fields in central and southern Iraq were more than 96.45 million barrels, while the quantities exported from oil fields in Kirkuk through the port of Ceyhan were nearly 2.17 million barrels.
According to initial statistics issued by SOMO earlier in October, the average daily quantities exceeded 3.29 million barrels with an average price of 88.83 USD per barrel.
Iraqi oil exports have been loaded by 36 international companies from ports on the Arabian Gulf and through the Turkish port of Ceyhan, the statement added.
The Iraqi Ministry of Oil started to share information about its oil export operations and revenues out of its awareness and belief to let the information available for the Iraqi people, according to the statement.