Iraq’s August oil revenues steady as export volumes rise
Oil sales hit a 20-month high as Iraq increased export volumes and opened up a new revenue stream with jet fuel exports.
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)
Iraq's federal government and semi-autonomous Kurdistan Regional Government (KRG) exported a combined 3.414 million barrels per day (bpd) of crude oil in August, a 74,000 bpd increase over July, according to provisional data supplied by the Oil Ministry and industry officials.
Total federal revenues were roughly steady as higher export volumes made up for a slightly lower average sale price for Iraqi crude.
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.
If you are not a registered user, you may purchase a subscription.
