Iraq exports over 110 mln barrels of crude in July: ministry

Source: Xinhua| 2019-08-01 20:46:51|Editor: Wu Qin
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BAGHDAD, Aug. 1 (Xinhua) -- Iraqi Oil Ministry said on Thursday that it exported more than 110 million barrels of crude oil in July, bringing in revenue of over 6 billion U.S. dollars.

"Iraq's total exports of crude oil in July reached about 110.54 million barrels, at an average of 3.566 million barrels per day, with revenue of 6.76 billion dollars for the 31 days of July," a ministry statement said, citing statistics of State Organization for Marketing of Oil, an Iraqi national company responsible for marketing Iraq's oil.

The average selling price was 61.15 dollars per barrel in July, the statement added.

"Iraq exported 106.5 million barrels from the country's central and southern oil fields, and 3.11 million barrels from the northern province of Kirkuk, in addition to 929,145 barrels of oil from Qayyara Oil Field in the northern province of Nineveh," it said.

Iraq's economy heavily relies on exports of crude oil, which account for more than 90 percent of the country's revenues.