Iraq reveals oil production revenues

Iraq’s revenues from oil exports in August exceeded $6.5 billion, with exports rising to 94.660 million barrels, the country’s oil ministry said, Report informs referring to Prime agency.

“Revenues for August amounted to $6.533 billion. The total volume of crude oil exports reached 94.660 million barrels with an average daily volume of 3.054 million barrels,” the ministry said in a statement.

The average cost of a barrel of oil over the past month amounted to more than $69, according to the report.

In July, Iraq exported a total of 90.468 million barrels of oil, and in June - 86.766 million barrels of oil. Oil export revenues for July were $6.476 billion, with an average oil price of $71.58 per barrel.