Baghdad/ Iraq TradeLink: Iraqi oil ministry announced that oil exports reached to 3.262 million b/d during May, 2017.
This figure denotes an increase by 10.000 b/d in comparison to April figures.
The statement pointed that the revenues reached to 4.663 billion dollars with an average price per barrel of 46.108 dollars,
On the other hand, Russian Lukoil announced that it will reduce its oil production in Iraq starting from June in accordance with the international agreement to reduce oil production.
Source: Iraq TradeLink