BAGHDAD, Iraq, April 2 (NNN-NINA) – The Iraqi Oil Ministry, said that, it exported over 104 million barrels of crude oil in March, bringing in revenue of more than six billion U.S. dollars.
“Iraq’s total exports of crude oil in March reached about 104.6 million barrels, at an average of 3.377 million barrels per day,” the ministry said in a statement, citing statistics of the State Organisation for Marketing of Oil.
It added that, Iraq earned about 6.6 billion dollars in revenue in March, with an average selling price of 63.8 dollars per barrel.
“Iraq exported 100.8 million barrels from the country’s central and southern oilfields, and 3.063 million barrels from the northern province of Kirkuk, in addition to 722,954 barrels of oil from Qayyara oilfield, in the northern province of Nineveh,” the statement said.
Iraq’s economy heavily relies on exports of crude oil, which accounts for more than 90 percent of the country’s revenues.– NNN-NINA