Iraq exported 101.85 million barrels of crude oil in August with
revenues of 9.78 billion U.S. dollars, said the Iraqi Oil Ministry,
Trend reports citing Xinhua.
The average price for crude oil in August was 96.05 dollars per
barrel, the ministry said in a statement, citing statistics from
the State Organization for Marketing of Oil.
A total of 100.75 million barrels were exported from oil fields
in central and southern Iraq via the Port of Basra, while about
1.10 million barrels were exported from the northern province of
Kirkuk via the Turkish port of Ceyhan on the Mediterranean, the
Oil prices have risen in global markets since the outbreak of
the Russia-Ukraine crisis in February, benefiting Iraq and other
oil exporting countries.
Iraq’s economy heavily relies on crude oil exports, which
account for more than 90 percent of the country’s revenues.
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