Iraq Oil Exports Hit Record

By John Lee.

Iraq’s oil exports hit a record 3.08 million bpd in April, according to Reuters, up from 2.98 mln bpd in the previous month,

Exports from the southern terminals reached 2.627 million bpd, while exports from the north via the Kurdistan pipeline were 450,000 bpd.

At an average price of $51.70 per barrel, this brought in revenues of $4.8 billion.

(Source: Reuters)

(Oil image via Shutterstock)

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