Iraq made $7.3bn in revenue from oil exports in May

Iraq made $7.3bn in revenue from oil exports in May
Published: 30 June 2019 - 11 a.m.
By: Carla Sertin

Iraq's oil ministry announced that the country exported 110.7mn barrels of oil in May 2019, according to the Iraqi Oil Marketing Company. It made $7.3bn in revenue from oil exports that month.

Oil ministry spokesperson Assem Jihad said that oilfields in central and southern Iraq produced 96% of the total amount exported, accounting for the same proportion of revenue.

Kirkuk oil exported through Ceyhan hit 3.1mn barrels, with revenue at $209mn, and exports from Qayara field amounted to 895,151 barrels, with revenue at $31.6mn.

Jihad noted that the average price per barrel sat at $66, and that 40 international companies of different nationalities loaded the crude from multiple ports.

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