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Iraq's Exports Of Crude For September Reaches Over 78M Barrels

Iraq exported more than 78 million barrels of crude oil bringing in over 3 billion U.S. dollars in revenues.

Iraq exported more than 78 million barrels of crude oil during the month of September. This was according to a report from the Iraqi Oil Ministry allowing the country to register over 3 billion U.S. dollars of revenue.

Iraq produced an average of 2.61 million barrels per day for a total export of 78.38 million barrels of crude oil. Selling price of crude oil for September was at 40.4 dollars per barrel.

Of the figures, 75 million barrels came from Iraq's central and southern fields while 3.13 million barrels came from the northern province of Kirkuk. Another 254,785 barrels were sent to the neighboring country of Jordan.

This lower output from Iraq is attributed to the country's commitment to a production cut agreement with OPEC+ which seeks to curb falling oil prices brought about by the COVID-19 pandemic.

 

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