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

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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