Posted inDRILLING & PRODUCTION

Iraq’s oil revenue dropped by almost $1bn in June

This comes alongside a 4.6% drop in the nation’s oil exports compared with May

by Staff Writer
Iraq's oil revenue dropped by almost $1bn in June
Iraq's oil revenue dropped by almost $1bn in June
by Staff Writer

Iraq’s oil ministry announced that the nation exported 105.6mn barrels of oil in June, down from 110.7mn the previous month. Revenue from oil exports dropped 12%, from $7.3bn in May to $6.39bn in June. 

While exports from Kirkuk remained around the 3.1mn barrel mark, Qayara field exports dropped by almost 160,000 barrels.

The average price per barrel sat at $60, down from $66 in May.

Staff Writer

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