Kirkuk crude oil export increased in March

Kirkuk, a picture of North Oil Company, 2014 Photo: KirkukNow


Kirkuk crude oil export to Turkey increased last month to 106 thousand barrels of oil daily, but its price has declined to 28 dollars per barrel.

According to the data of the Iraqi Ministry of Oil, the total oil export of the country in March reached more 105 million barrels of oil, generating revenue of two billion and 988 million dollars.

In February, Iraq exported more than 98 million barrels of oil, brought which five billion and 5 billion and 52 million dollars to the country.

In March, the oil price reached its lowest price in the last 18 years due to the disagreement between Saudi Arabia and Russia over the oil supply reduction, which has declined due to the global spread of coronavirus.

Assim Jihad, the spokesperson of the Oil Ministry, has explained in a statement that three million, 287 thousand, and 439 barrels of oil, equivalent to 106 thousand barrels per day, have been exported from the oil fields of Kirkuk last month, March.

Kirkuk oil export in March has increased compared to February in which one million, 765 thousand, and 32 barrels of oil were exported. The daily export was equal to only 61 thousand barrels.

Also, 290 thousand and 540 barrels were exported to Jordan through trucks, according to the statement.

Each barrel of Iraqi crude oil was sold at the price of $ 28.436.

The Iraqi Oil Ministry, in the statement, asks for an OPEC meeting to take quick measures to stabilize the oil market.

There are five oil fields in the Kirkuk province, which are Havana, Bay Hassa, Qaubai Baba, Jambur, and Khabaza. The oilfields are under the control of the Nothern Oil Company, which is under the administration of the Federal government.


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