Iraqi oil exports and revenues skyrocket in August

Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase from July.

The federal government exported 3.583 million bpd – its highest monthly average ever – and earned $7.729 billion on an average $69.593 per barrel, according to an Oil Ministry statement on Sunday.* The Kurdistan Regional Government (KRG) does not provide monthly revenue or export data.