BUSINESS Iraq's crude oil exports exceed 106 mln barrels in Oct.

BUSINESS

Iraq's crude oil exports exceed 106 mln barrels in Oct.

Xinhua

19:38, December 01, 2019

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Photo: VCG

BAGHDAD, Nov. 1 (Xinhua) -- Iraq's Oil Ministry said on Friday that Iraq exported more than 106 million barrels of crude oil in October, bringing in revenues of over six billion U.S. dollars.

Iraq's total exports of crude oil in October was over 106.8 million barrels, at an average of 3.445 million barrels per day, which brought in revenues of 6.107 billion dollars for the month, a ministry statement said, citing statistics of the State Organization for Marketing of Oil.

The average selling price for crude in October was 57.15 dollars per barrel, the statement added.

About 103.5 million barrels were exported from the country's central and southern oil fields, while about 2.57 million barrels were exported from the northern province of Kirkuk, and 431,486 barrels were from the northern province of Nineveh, according to the statement.

It said that Iraq also exported 307,292 barrels of crude oil to neighboring Jordan during October.

Iraq's economy heavily relies on exports of crude oil, which account for more than 90 percent of the country's revenues.


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