UPDATE: Exports up but revenues drop in July
After a two-month decline, federal oil export levels rebounded, but overall revenues fell along with global oil prices.
Tugboats position a single point mooring (SPM) buoy in the Basra Gulf in January 2012 as Iraq expands its export capacity. (ALI ABU IRAQ/Iraq Oil Report)
UPDATE:
The Oil Ministry has published revised export and revenue figures for July. This story has been updated accordingly.
Iraq ended a two-month decline in federal oil exports in July, though rising sales were not enough to offset a drop in oil prices.
The Oil Ministry released preliminary July data on Aug. 1 and published its official declaration of exports and revenues on Aug. 24.* Its figures do not include exports managed independently by the Kurdistan Regional Government (KRG), which typically releases its own data in the first week of the month.
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