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Iraq sees lower oil exports but high revenues in June

From arabnews.com

Iraqi oil exports fell slightly last month but revenues were boosted thanks to higher prices, according to the Iraq Oil Report citing the ministry of oil. Iraq’s nationwide exports averaged 3.336m b/d in June, the newsletter said, while total revenues came in at just over $6bn. The report said that exports by the federal government in Baghdad in June were 2.892m b/d, slightly lower than 2.899m b/d in May. Under a complex arrangement, the Kurdistan regional government in the north of the country exported just over 100,000 b/d through the pipeline to the Turkish port of Ceyhan. Iraq is the second largest producer in ... (full story)

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  • Category: Fundamental Analysis