Iraq’s Oil Revenues Increase to $5 Billion

Iraq’s Oil Revenues Increase to $5 Billion

Iraq’s oil revenues surpassed $5 billion in February after exporting more than 98 million barrels (mmbbl) of crude oil, according to Xinhua.

The Iraqi Oil Minister, Jabbar Alluaibi, announced in a statement that the country’s crude oil exports averaged 3.39 million barrels per day (mmbbl/d).

According to the statement, about 95.805 million barrels were exported from Iraq’s central and southern oil fields via Iraq’s Basra port, while about 1.765 million from the northern province of Kirkuk via the Turkish port of Ceyhan on the Mediterranean. Additionally, exports from Qayyara Oilfield in the northern province of Nineveh reached 488,825 bbl.

Out of the total exports of 98 mmbbl, Jordan received approximately 290,000 bbl. It should be noted that Iraq’s crude oil exports represent more than 90% of the country’s revenues.


Welcome! Login in to your account

Remember me Lost your password?

Lost Password