Iraq exported 3.33 million barrels a-day of crude oil in April

27 May 2018
The country sold a total of 101.19 million barrels of crude in total during the month, earning revenues of $6.5bn

Iraq’s Oil Ministry says it exported 101.19 million barrels in April 2018, or 3.33 million barrels a-day (b/d), citing official figures from the state oil marketing company Somo.

Based on an average oil price of $64.88 a barrel in April, the Oil Ministry said it earned revenues worth $6.5bn from crude exports in the month.

The oil exported was produced from the assets in the country’s central and southern regions, and does not take into account crude output from the oil-rich north that includes Kirkuk and the semi-autonomous Kurdistan region.

A statement put out on the website of the country’s Oil Ministry said 35 oil trading firms shipped crude in April from the ports of Basra, Khor Al- Omaia and the single point moorings on the Gulf.

Iraq has been holding its exports steady this year, despite not being able to claim the northern oil due to Baghdad’s tensions with Erbil. The country exported 3.45 million b/d in March and 3.42 million b/d the month before.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications