Iraq's crude exports exceed 98mn barrels in November


Baghdad, Dec 2 (IANS): Iraqi Ministry of Oil has said that the country exported 98.19 million barrels of crude oil in November, bringing in revenues of about $7.59 billion.

The average selling price for crude oil in November was $77.33 per barrel, according to a Ministry statement, citing statistics of the State Organization for Marketing of Oil.

Nearly 95.86 million barrels were exported from oil fields in central and southern Iraq through the Port of Basra, while about 2.32 million barrels from the northern province of Kirkuk through the Turkish port of Ceyhan on the Mediterranean during November, the statement said.

It added that crude oil exports for November were at an average of 3.27 million barrels per day, Xinhua news agency reported.

Iraq used to export more than 100 million barrels per month with higher revenues, but the OPEC Plus agreement to cut oil production and a dip in oil prices due to impact of the Covid-19 pandemic on the global economy have combined to cause the decline of the country's oil exports.

Iraq's economy heavily relies on crude oil export, which accounts for more than 90 per cent of the country's revenues.

 

  

Top Stories


Leave a Comment

Title: Iraq's crude exports exceed 98mn barrels in November



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image