Iraq’s Ministry of Oil has made public the total production and export amounts of crude oil for the month of July. Kirkuk’s total oil production was more than 1,701,000 barrels.
In comparison to June’s 3,482,00 barrels, there was a reduced production of nearly 25%.
According to preliminary statistics made public by SOMO (State Organization for Marketing of Oil), Iraq’s total crude oil production reached 85,663,290 barrels, with revenues amounting to more than $3,487,139,000.
despite the reduction in production and export in accordance with the OPEC Plus agreement, revenue from the oil export has increased in comparison with previous months
The spokesperson for the Ministry, Assim Jihad, says that despite the reduction in production and export in accordance with the OPEC Plus agreement, revenue from the oil export has increased in comparison with previous months. As for the total export of crude oil in June from the oil fields in central and southern Iraq, it amounted to 82,700,381 barrels.
He added that export from Kirkuk oil fields through Ceyhan port amounted to 2,701,015 barrels, and the amount exported to Jordan was more than 261,894 barrels.
The spokesperson also indicated that the total export per day reached an average of 2,763,000 barrels, of which 2,668,000 bpd from Basra ports, 87,000 bpd through Ceyhan port, and 8,000 bpd to Jordan.
The crude oil was sold at $40,70 per barrel in July. In June, it was sold at $33.