Iraq September oil exports average 2.54 mln bpd

Iraq’s oil exports rose to an average of 2.54 million barrels per day in September. (File photo: AFP)

Iraq's oil exports rose in September to an average of 2.542 million barrels per day (bpd) from 2.375 million bpd in August, an oil ministry spokesman said on Thursday.

Oil exports raised revenues of $7 billion, the spokesman said.

OPEC member Iraq exports the bulk of its oil from its southern ports.

Shipments from the northern oilfields of Kirkuk have been shut since March 2 due to attacks on a pipeline to Turkey, keeping total exports below their potential.

Iraq is facing a Sunni Islamist insurgency where Islamic State fighters have seized control of swathes of land in the north and west of the country.

Iraq's mainly Shiite south, where the majority of the oilfields being developed by foreign firms are located, has been relatively safe and stable for the past two years.

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