(MENAFN- Trend News Agency)
Iraq exported 101.19 million barrels of crude oil in June,
bringing in revenues worth 11.5 billion U.S. dollars, said the
Iraqi Oil Ministry, Trend reports citing Xinhua .
The average price for crude oil in June was 113.7 dollars per
barrel, according to a ministry statement, citing statistics from
the State Organization for Marketing of Oil.
A total of 97.98 million barrels were exported from oil fields
in central and southern Iraq via the Port of Basra, while about
2.91 million barrels from the northern province of Kirkuk via the
Turkish port of Ceyhan on the Mediterranean, it said.
The average crude oil exports in June reached 3.37 million
barrels per day, it added.
Oil prices have risen in global markets since the outbreak of
the Russia-Ukraine crisis, benefiting Iraq and other oil export
Iraq's economy heavily relies on crude oil exports, which
account for more than 90 percent of the country's revenues.
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