Iraq exported around 96 million barrels of oil in February 2018, generating revenues of $5.726 billion, the oil ministry has announced, according to IraqiNews.

The figures are lower than those recorded over the previous three months. Statistics published by the State Oil Marketing Firm (SOMO) reveal that the country exported 108 million barrels in January, 110 million barrels in December and 105 million in November. Revenues were $6.772 billion, $6.503 billion and $6.012 billion respectively.

These figures refer to oil exported from the Basra terminal only. Activity remains at a standstill in the northern province of Kirkuk after Iraqi forces retook Kurdish territory following the independence referendum in September 2017.

Iraq is the second biggest OPEC producer of oil, following Saudi Arabia.