Iraq crude oil sold at $33.86 per barrel in June, making total revenue for the month at $2.86 billion

Kirkuk 2014; an oil facility run by the state-owned Iraq’s North Oil Company. Photo by KirkukNow.


According to the numbers made public by the Iraqi Ministry of Oil, the state has exported crude 84,490,000 barrels of oil from Kirkuk’s fields and the rest of the country at $33.86 per barrel, which makes the total revenue from oil exports for June about 2.86 billion American dollars ($2,861,140,000).

The revenue for this year’s February, March, April and May were 5, 3, 1, and 2 billions respectively. In comparison with May (when the average export price was $21pb), in June the average price ($33.864pb) has risen by about 61%.

Asim Jihad, spokesperson for the Ministry of Oil, said in a statement that a total of 3,482,519 barrels (which amounts to 116000bpd) of crude oil from Kirkuk’s oil fields was exported through Turkey’s Ceyhan port.


There are five main oil fields in Kirkuk Province: Avana, Bay-Hasan, Qubay-Baba, Jumbur and Khabaza, all of which are run by the state-owned North Oil Company.


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