Iraqi Oil Exports Hit a New High

According to AFP, Iraq’s oil exports in February were the highest since 1990, at 2.069 million barrels per day.

Reuters puts the figure slightly higher, at 2.083 million bpd, up from 1.926 million bpd in January. The average selling price was $73-$74.

1.612 million bpd were shipped from the southern oil hub of Basra, and 471,000 bpd from the northern oilfields around Kirkuk, including 10,000 bpd by truck to Jordan, according to the Reuters report.

Iraq produces a total of about 2.4 million bpd (domestic use plus export), accounting for 85% of state revenues.

(Sources: Reuters, AFP)

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