News ID: 272349
Published: 0727 GMT August 02, 2020

Iraq’s oil exports average 2.76mbd in July: Ministry

Iraq’s oil exports average 2.76mbd in July: Ministry
Flames emerge from flare stacks at Nahr bin Umar oilfield, as a man is seen wearing a protective face mask, following the outbreak of the coronavirus, north of Basra, Iraq, on March 9, 2020. (ESSAM AL-SUDANI/REUTERS)

Iraq’s total oil exports for July averaged 2.763mbd, the Oil Ministry said in a statement.

 

The exports included 2.668mbd from its southern Basra oilfields, it said, adding that total exports generated $3.487 billion of revenue. The oil price per barrel averaged $40.70, Arab News reported.

Iraq which relies almost entirely on oil for state revenue has been hit hard by low oil prices during the coronavirus crisis and has cut exports in line with OPEC production cuts.

   
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