October oil exports steady as rising prices lift revenues
Thanks to surging global crude prices, Iraq generated its highest monthly oil export revenues since October 2018.
A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)
Iraq’s nationwide oil exports fell slightly in October to 3.523 million barrels per day (bpd) compared with 3.544 million bpd in September,* largely due to a decline in oil sales from the semi-autonomous Kurdistan Regional Government (KRG).
Excluding the KRG, federal exports actually rose to 3.120 million bpd in October from 3.081 million bpd in September, according to preliminary Oil Ministry figures. KRG exports fell from 463,000 bpd in September to 403,000 bpd last month.
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