Iraqi Oil Exports Down to 3.44 mmbbl/d

Iraqi Oil Exports Down to 3.44 mmbbl/d
KUWAIT – JANUARY 15: A derek pumps in a oil field January 15, 2003 near the Saudi Arabian border, Kuwait. Kuwait produces 10% of the worlds oil and has promised to increase production as needed in the event of a war in Iraq. (Photo by Joe Raedle/Getty Images)

Iraq’s total oil exports for April recorded an average of 3.438 million barrels per day (mmbbl/d) and its oil revenue more than halved to $1.42 billion, according to Reuters.

Oil exports in Iraq averaged 3.377 mmbbl/d in March, however bad weather was cited as an explanation for the lower levels of exporting.

Iraq’s revenue from oil, which is the primary source of income, was reduced in March to $2.98 billion, down from $6.17 billion in February.

OPEC’s second-largest producer of crude is facing economic turmoil after persistent depressions in oil pricing and signing a deal to cut production by more than 1 mmbbl/d.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password