Iraq oil exports reach long-term record high

04 May 2015

Government says April exports are highest since 1980s

Iraqi oil exports increased by 3 per cent in April to reach long-term record levels, according to the latest data from the State Organization for Marketing of Oil (Somo).

The country exported an average of 3.077 million barrels a day (b/d) of crude during April compared with 2.98 million b/d in March.

Total exports for the month reached 92.8 million barrels and generated $4.8bn in revenues with an average price of $51.7 a barrel.

According to Somo, April’s exports represented the highest volumes since the 1980s.

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