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

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 […]

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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