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Iraq Announces They Have Exported 95 Million Barrels of OIl in June 2016

These quantities were exported from the southern ports in Basra.

The Iraqi Ministry of Oil spokesman recently announced Iraq has exported 95 million barrels of oil in June 2016 from central and southern fields, “according to the official statics obtained from the State Oil Marketing Organization (SOMO), the total exports during June 2016 from the central and southern oil fields reached 95 million and 300 thousand barrels. The returns witnessed a slight increase in June compared to May 2016 and it reached 3.829 billion US dollars, while the barrel price reached $40.178 US dollars.”

“These quantities were exported from the southern ports in Basra. No quantities of oil were exported via Ceyhan Port due to the region’s non-commitment to the oil agreement with the federal government,” Jihad concluded.

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