Iraq exports dip but revenues hit new record
2022-06-08 00:00:00 - From: Iraq Oil Report
Tankers load at the Al-Basra Oil Terminal in the Basra Gulf (BEN LANDO/Iraq Oil Report)
Iraq's countrywide oil exports fell to an average 3.729 million barrels per day (bpd) in May,* a month-on-month decline of around 90,000 barrels per day.
Despite the dip in federal exports, which can partly be explained by delays to tanker loadings as a result of sandstorms, sharply higher oil prices led to an increase in monthly revenues to a new record of $11.44 billion, according to preliminary Oil Ministry estimates.
