Iraq’s oil export revenues surpassed $8.48 billion in November

Iraq’s oil export revenues surpassed $8.48 billion in November

On Monday, the Iraqi Ministry of Oil confirmed that oil export revenues through November surpassed $8.48 billion.

According to final statistics released by the State Organization for Marketing of Oil (SOMO), crude oil exports in November surpassed 102.97 million barrels, generating over $8.48 billion in revenue.

According to SOMO data, the total amount of crude oil exported from Iraq’s central and southern oil fields in November was 101,764,620 barrels. Out of this, only 172,383 barrels were exported to Jordan. Additionally, 1,038,779 barrels were exported from the Al-Qayyarah oil field located in the Nineveh governorate of northern Iraq.

The average price per barrel for the month of November was $82.36, which is lower than the average price of $87.57 in October.

The quantity of oil exported by Iraq in September exceeded 3.43 million barrels per day on average.

In August, Iraq exported a total of over 106.12 million barrels of oil, earning total revenues of $8,997,851.

Iraq exported over 106.75 million barrels of crude oil in July, generating an estimated $8.3 billion in revenue.

The country’s oil export revenue for June totaled $7.11 billion, a decrease from the $7.3 billion in May.

According to an official statement, Iraq’s oil export revenues crossed $7.69 billion in April.

The total crude oil exports for March were over 100.9 million barrels, generating slightly more than $7.5 billion in revenue.

During February, Iraq exported 92.25 million barrels of crude oil, generating revenues of $7.62 billion. In January, the country exported more than 101.24 million barrels with revenues of $7.66 billion.