Ministry of Oil Confirms February Export Figures

By John Lee.

The Iraqi ministry of oil has declared its final oil exports for February 2016.

Assim Jihad, spokesman of the ministry, said it exported 93,500 million barrels, equating to 3,224 barrels per day, all of it from the southern ports.

Final statistics from the State Oil Marketing Organization (SOMO) show revenue of 2.249 billion dollars, implying an average price of $24.05 per barrel.

Thirty-six “multinational companies” shipped oil during the month.

(Source: Iraqi Ministry of Oil)

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