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Iraq Announces US$ 5 Billion in Iraqi Oil Revenues in December 2016

he average price for each barrel reached to $46.370

Baghdad/ Iraq TradeLink: Iraqi Oil Ministry disclosed that the oil revenues for December, 2016 reached to five billion dollars.

In a statement, the Iraqi Oil Marketing Company, SOMO, said that 1.109 million barrels were exported from Basra and Kirkuk oilfields.

The average price for each barrel reached to $46.370, which were imported by 36 international oil companies, the sources added.

Source: Iraq TradeLink

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