Iraq sold 98 million barrels of oil for $7.59 billion in November

Throughout November, Iraq exported an average of 3,273,000 barrels per day for $77.33 each.

Dler S. Mohammed 2021/12/02 14:26

Iraqi workers at the Rumaila oil refinery in Zubair near the city of Basra, Iraq. (Photo: Nabil al-Jurani/AP)

Iraq Iraqs oil export oil prices iraqs oil revenues

ERBIL (Kurdistan 24) – The Iraqi Ministry of Oil released the total export revenues for November on Wednesday based on the State Organization for Marketing of Oil (SOMO) statistics.

According to these statistics, Iraq exported 98,192,317 barrels in November, earning $7.59 billion.

"The total exported crude oil from the oil fields in the south and middle of Iraq in November was 95,860,149 barrels," the ministry said.

Also, the ministry added that 2,032,685 barrels were exported from the oilfields of Kirkuk through the Turkish port of Ceyhan.

Throughout November, Iraq exported an average of 3,273,000 barrels per day for $77.33 each.

In November, Iraq's federal oil exports, excluding the Kurdistan Region, rose 5% compared to October.

Iraq's quota in November also rose to 4.193 million barrels per day from 4.149 million barrels per day in October. That was because the OPEC+ group has continued to increase output by 400,000 barrels per month per an agreement made in July.