Iraq’s Oil Revenues Increase to $5 Billion
Iraq's oil revenues surpassed $5 billion in February through exporting more than 98 million barrels of crude oil (mmbbl).
Iraq's oil revenues surpassed $5 billion in February through exporting more than 98 million barrels of crude oil (mmbbl).
Iraq is expected to gain approximately $1.75 billion from the sale of 100,000 barrels per day (bbpd) of crude oil to China in 2020,
The petroleum sector’s fuel exports’ total value exceeded $600 million.
Iran’s exports of crude oil have further declined to 300,000 barrels per day (b/d) or even less in June, down from 400,000-500,000 b/d a month earlier.