Iraq ships 3.52 million barrels a-day in June

09 July 2018
The country sold 105.64 million barrels of crude during the month earning revenues of $7.32bn

Iraq’s Oil Ministry has announced exports of 105.64 million barrels in June, or 3.52 million barrels a-day (b/d), citing official figures from state oil marketing company Somo.

Based on June's average oil price of $69.32 a barrel, the Oil Ministry said it earned revenues worth $7.32bn from crude exports in June.

The exported oil was produced from 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.

The country’s crude is exported from the southern ports of Basra, Khor al-Omaia and single point moorings on the Gulf waters.

Iraq, the Organisation of Petroleum Exporting Countries’ (Opec) second-largest oil producer after Saudi Arabia, 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 3.49 million b/d in May and 3.33 million b/d in April.

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