Iraq Exports Over 100 mn Barrels of Crude Oil in October 2022

Source: 11/1/2022, Location: Middle East

The Ministry of Oil has declared the total exports and revenues of last October, based on the initial statistic of Iraqi Oil Marketing Company (SOMO), where the total exported crude oil quantities reached (104) million, (831) thousand, (120) barrels, with a total revenue of (9.258) billion dollars.

It has mentioned that the total exported crude oil quantities, in last October, from the oil fields in the south and middle of Iraq reached (102) million, (70) thousand, (427) barrels, while exported quantities from Kirkuk fields through the port of Ceyhan reached (2) million, (417) thousand, (893) barrels.

Exports daily rate reached (3) million, (382) thousand barrels per day with an average price of (88.31) dollars per barrel.

Relatedly, the Director General of Basra Oil Company, Khalid Hamza, announced that BOC had achieved the highest export rate since the past three years, as the export rate from the southern seaports for the month of October reached (3.293) million barrels per day, with a total revenue of (102,083,000) million barrels, affirming that the company will increase its export capacities during the next stage in support of the national economy.

It should be mentioned that the Ministry of Oil took this monthly action as it believes in letting the Iraqi people informed about the exported crude oil and its revenues.

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