Iraq Oil Exports hit New Record

June oil exports from Iraq hit a record average of 3.187 million bpd, up from 3.145 million bpd in May.

An average of 3.02 million bpd was exported from the Southern terminals (up from 2.69 million bpd in May), with exports via Ceyhan averaging just 164,700 bpd (down from 451,000 bpd in May).

Southern exports were helped by the splitting of output into two grades, Basra Heavy and Basra Light, according to the report from Reuters.

Revenue from June oil sales was $5.318 billion, giving an average price of $55.62 per barrel.

(Source: Reuters)

10 Responses to Iraq Oil Exports hit New Record

  1. Mrs J July 2, 2015 at 2:34 pm #

    I feel sorry for the Iraqi People who are unaware of what’s happening to thier Oil, they seeking help from other countries unknowingly thier country’s income from the oil is more than 5 billion USD per month , where’s the billions gone?