Oil Exports Plunge to 19-mth Low

By John Lee.

Oil ministry spokesman Assem Jihad said on Sunday that Iraq’s oil exports hit a 19-month low in September, attributing the decline to maintenance and improvement projects at the country’s ports.

Iraq exported 62.1 million barrels of oil in September, or about 2.07 million barrels per day (bpd), the lowest daily average since February 2012.

The country earned $6.511 billion from the exports, its lowest monthly figure in over a year.

(Source: AFP)

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