Oil Production Flat in March, but Revenues Slide

By John Lee.

Iraq's Ministry of Oil has announced preliminary oil exports for March of 105,102,927 barrels, giving an average for the month of 3.390 million barrels per day (bpd), essentially the same as the 3.391 million bpd exported in February.

These exports from the oilfields in central and southern Iraq amounted to 101,395,907 barrels, while exports from Kirkuk amounted to 3,287,439 barrels, and from Qayara 129,041 barrels. Exports to Jordan were 290,540 barrels.

Revenues for the month were $2.989 billion at an average price of $28.436 per barrel.

February export figures can be found here.

(Source: Ministry of Oil)

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