Iraq exported more than 3 million bpd in August: ministry

An Iraqi oil worker speaks on a radio at an oil refinery in the southern town of Nasiriyah, Iraq, October 30, 2015. (AFP)

SULAIMANI (ESTA) — Iraq exported 3.054 million barrels of oil per day (bpd) in August, the ministry of oil said on Wednesday.

In a statement, the ministry of oil said it exported more than 94.660 million barrels last month.

Iraq’s August revenue from oil reached to $6.5 billion with an average price per barrel of over $69, the ministry added.

The average sale price in July was $72.

Exports from Iraq’s southern Basra terminals hit 2.95 million bpd during August, the ministry said in a statement. More than 3 million barrels were exported through Kirkuk oil fields.

Iraq, which relies almost entirely on oil for revenues has been hit hard by low oil prices during the coronavirus crisis and has cut exports in line with OPEC production cuts.

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