Oil revenues up despite slight export drop

Federal Iraq earned $7.919 billion in oil revenues in September, its highest take in 52 months, despite a small decrease in Basra Gulf exports.

Nationwide, exports dropped nearly two percent month-on-month, from 4.028 million barrels per day (bpd) to 3.95 million bpd, as the autonomous Kurdistan Regional Government (KRG) loaded fewer tankers despite increased pipeline flows to the Ceyhan port in Turkey.