Iraq exported 111.06 million barrels of crude oil last month, up from around 109.86 million in July, marking an increase of 1.09 percent, according to the Oil Ministry.
In a statement on Saturday, the ministry said the revenues from August exports stood at $7.72 billion based on preliminary figures released by the state oil-marketing firm SOMO.
Ministry spokesman Assem Jihad said the daily rate of exports amounted to 3.58 million barrels on average in August. He added that the average price per barrel amounted to $69.59 last month, compared to $68.56 in July.
The figure did not include any exports from the oil fields in the northern province of Kirkuk, where oil activity remains halted since Iraqi forces took over the facilities in response to last September’s illegitimate referendum for independence of the Kurdish Regional Government from the central government in Baghdad. Iraq is OPEC's second largest oil producer after Saudi Arabia.
(Anadolu Agency)
