Oil Exports Down in August

By John Lee.

Iraq’s State Oil Marketing Organization (SOMO) has said that oil exports amounted to 95.447 million barrels in August, which equates to 3.079 million barrels per day.

According to a report from Shafaaq, this generated revenue of approximately $3.874 billion, at an average price of $40.59 per barrel.

Exported from the southern port of Basra, which suffered from some technical problems, were 93.655 million barrels, while exports through the port of Ceyhan reached 1.791 million barrels.

(Source: Shafaaq)

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