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FINANCIAL NEWS
Iraqi oil exports up in September
03 Oct 2014
(MENAFN) Iraq’s oil exports increased to an average of 2.542 million barrels per day (bpd) in September compared to 2.375 million bpd in August, while oil exports revenues rose to USD7 billion, Arab News reported.
This increase in exports comes despite oil shipments from the northern oilfields of Kirkuk being shut down since March 2, which kept oil production below their usual average.
Thus Iraq has been relying on its south oilfields, which the majority of them are being developed by foreign firms are located, for the country’s oil exports.
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