Export increase gives Iraq more oil revenues despite price drop
Federal Iraq exports increase by more than 250k bpd and KRG posts slight decline.
A worker for Iraq's South Oil Company calls in an oil tanker to fill up at the al-Basra Oil Terminal in February 2010. (BEN LANDO/Iraq Oil Report)
Iraq's nationwide oil exports were an average 3.277 million barrels per day (bpd) in October, the highest volumes since May this year and an increase from 3.049 million bpd in September.
The rise in exports comes after the Oil Ministry ordered more than 250,000 bpd of production increases from fields in southern Iraq, despite pressure from the OPEC-plus coalition to limit supply and support global oil prices.
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