Iraq oil exports hit record 2.98 mln bpd in March

Smoke rises from the Ajil oil field as Shiite fighters gather in Al Hadidiya, south of Tikrit, en route to the Islamic State-controlled al-Alam town, where they are preparing to launch an offensive on Saturday, March 6, 2015. (Reuters)

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.

Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44