The amount of crude oil exports from Kirkuk fields to Turkey and Jordan during last September passed two million barrels, with revenues exceeding $186 million according to international oil prices.
According to the statistics of the Iraqi Ministry of Oil and the State Oil Marketing Organization SOMO for the month of September 2022, the total crude oil exports of Iraq's oil fields amounted to 98,765,153 barrels, with revenues estimated at 8.8 billion dollars.
The average price per barrel of Iraqi crude oil reached USD 88.
According to the statement, the quantities exported from the Kirkuk fields through the Turkish port of Ceyhan amounted to 2,196,180 barrels, with a total revenue of more than 175 million dollars, while 150,552 barrels were exported through tankers to Jordan, with revenues amounting to 11 million dollars at a price of approximately $74 per barrel.
The volume of Kirkuk's oil exports and revenues nearly doubled compared to August, when the exports dropped to 1.1 million barrels, with total revenues of more than $100 million.
Kirkuk's has pumped 2.35 barrels, earning more than $ 240 million last July.
Exports increased in May to more than three million barrels, earning $335 million, with about 354,000 barrels exported to Jordan for $34 million.
Kirkuk hit peak of its production in February 2021 when it has pumped 3,8 million barrels for $213M, the highest production capacity in 2021 while the lowest was in November when it has dropped to two million barrels only with 150 million USD revenues.
There are five main crude oil producing fields in Kirkuk province; Avana, Bay Hassan, Baba Dome, Jambur and Khabaza, under the control of the Iraqi government's Northern Oil Company.
Kirkuk, Iraq’s second largest reserves, located 238 kilometers north of Baghdad, is an ethnically mixed province for 1,7 million Kurds, Arabs, and Turkmens. It has long been at the center of disputed territories between Baghdad and the Erbil.
Last August Iraq’s crude oil output hit almost 102 million barrels, earning $9.8 billion, as a barrel was traded for $96.
