Iraq lowers oil exports in November



12/21/2020 6:02 AM


Iraqi oil exports declined in November compared to October, while revenues remained almost the same due to higher oil prices, according to data released by the Iraqi Oil Ministry.



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Oil exports averaged 2,876 million barrels per day in October and 2,613 million barrels per day - in September.

"Iraq's oil export volume for November was 81,262,376 barrels," the Ministry of Oil said in a report. Thus, the average daily export volume reached the level of 2,708 million barrels.

Total export revenues for November amounted to $3,403 billion at an average price of $41.88 per barrel.

Iraq's oil export revenues in October were $3,457 billion at an average oil price of $38.77 a barrel, and in October 2019 they were $6,121 billion at $57.28 a barrel.

source: reuters.com


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