Iraq’s Oil Revenue Reach $3.49 B

Iraq’s Oil Revenue Reach $3.49 B

Iraq’s oil ministry has announced that oil revenues accounted for in excess of $3.49 billion after a total of 85.6 million barrels of oil (mmbbl) were exported, according to a press release.

The exports of crude oil for July from the oil fields in central and southern Iraq amounted to 82.7 mmbbl with revenues of $3.366 million, while Kirkuk oil through the port of Ceyhan totaled 2.701 mmbbl with revenues amounting to $118.5 million.

Iraq exports crude oil from its southern ports through the Arabian Gulf and from its northern fields through the Turkish port of Ceyhan.

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