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Iraq oil exports hit 3.566m bpd in July: Oil Ministry

Tankers at the Iraqi Al Basra Oil Terminal in the Northern Arabian Gulf - US Federal Government

Iraqi oil exports rose to 3.566 million barrels per day (bpd) in July from 3.52 million bpd the previous month, the Oil Ministry said in a statement.

Exports from the southern Basra oilfields reached 3.435 million bpd, up from 3.39 million bpd in June, it said.

Shipments from Iraq's northern Kirkuk oilfields to the Turkish port of Ceyhan averaged 101,000 bpd, the statement said.

The average sale price in July was $61.156 per barrel, generating around $6.76 billion in revenue, the ministry said.

Iraq is producing below its maximum capacity of nearly 5 million bpd, in line with a production-cutting agreement between OPEC and allies such as Russia which is aimed at supporting prices.

Last Modified: Thursday، 01 August 2019 08:06 PM