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Iraq oil exports hit record 2.98 mln bpd in March

Exports from Iraq’s southern terminals reached 2.712 million bpd

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Iraq’s oil exports rose in March to a record 2.98 million barrels per day (bpd) from 2.597 million bpd in the previous month, the oil ministry said in a statement on Wednesday.

Exports from Iraq’s southern terminals reached 2.712 million bpd, while exports from the north via the Kurdistan pipeline were 268,000 bpd in March, the ministry said.

March shipments generated $4.457 billion in revenue. Iraq sold its crude for $48.24 per barrel.