Oil Exports Rise in May

By John Lee.

Iraq’s Ministry of Oil has announced interim oil exports for May of 108,194,920 barrels, giving an average for the month of 3.490 million barrels per day (bpd), an increase from the 3.340bpd exported in April.

These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan.

Revenues for the month were  $7.566 billion at an average price of $69.932 per barrel.

April export figures can be found here.

(Source: Ministry of Oil)

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