Iraq Exported 101 Million Barrels Of Crude Oil In June| MENAFN.COM

Wednesday, 17 August 2022 12:36 GMT

Iraq Exported 101 Million Barrels Of Crude Oil In June


(MENAFN- Nam News Network)

BAGHDAD, Jul 2 (NNN-NINA) – Iraq exported 101.19 million barrels of crude oil in Jun, bringing in revenues worth 11.5 billion U.S. dollars, said the Iraqi Oil Ministry, yesterday.

The average price for crude oil in Jun was 113.7 dollars per barrel, according to a ministry statement, citing statistics from the State Organisation 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 Jun 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 exporting countries.

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

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