FINANCIAL NEWS

Iraq’s oil exports fall to 3.216mn barrels per day in August

05 Sep 2017

(MENAFN) Iraq’s oil exports fell to 3.216mn barrels per day in August from 3.230mn bpd in July because no shipments were made from the northern Kirkuk field.

Accordingly, all the volumes shipped in the cited month came from the southern fields, while Kirkuk field is the only supervised by the government in the north.

Moreover, the average sale price in August was USD46.22 per barrel, producing USD4.6bn in revenue.

In addition, the bulk of the nation’s oil is exported through the southern terminals, while smaller amounts are shipped from northern Iraq via Ceyhan in Turkey.

MENAFN0509201700450000ID1095819078

MENAFN0509201700450000ID1095819078

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