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Iraq Reports Record Exports For August

Output increases in both Iraq and Kurdistan

Oil production has surged in both Iraq and the Kurdistan region for August, with total production averaging 4.028 million barrels per day (bpd), which represents a 4% increase from July figures.

The Iraqi Government exported 3.583 million bpd, which is the countries highest monthly average to date. With crude prices at an average of $69.593 per barrel this amounts to $7.729 billion in revenues. 

The KRG (Kurdistan Regional Government) has not provided any monthly export or revenue information.

Source: Ministry of Oil

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