(MENAFN- Trend News Agency) Iraq exported about 100.91 million barrels of crude oil in
March, generating 7.4 billion U.S. dollars in revenue, the
country's oil ministry announced Saturday, trend reports citing
xinhua .
The average price for Iraqi crude oil in March was 73.37 dollars
per barrel, the ministry said in a statement, citing statistics
from the State Organization for Marketing of Oil, an Iraqi
company.
About 98.87 million barrels were exported from oil fields in
central and southern Iraq via the port of Basra, while nearly 2
million barrels from the northern province of Kirkuk via the
Turkish port of Ceyhan on the Mediterranean, the statement
said.
Oil prices have risen in global markets since the outbreak of
the Russia-Ukraine conflict in February last year, benefiting Iraq
and some other oil-exporting countries. However, the prices
witnessed a decline in the past few months because of fears of
lower demand for oil in global markets.
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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