Iraq Exports 101 Mln Barrels Of Crude Oil In June| MENAFN.COM

Wednesday, 10 August 2022 06:26 GMT

Iraq Exports 101 Mln Barrels Of Crude Oil In June


(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 countries.

Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's revenues.

MENAFN01072022000187011040ID1104466565


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.