Iraq Oil Ministry Announces October Oil Revenues Exceed $9 billion

Source: www.gulfoilandgas.com 11/24/2022, Location: Middle East

The Ministry of Oil declared the total exports and revenues of last October, based on the final statistic of Oil Marketing Company (SOMO), where the total crude oil exported quantities reached (104) million, (831) thousand, (120) barrels (One hundred four million, eight hundred thirty-one thousand, one hundred and twenty barrels) , with a total revenue of (9) billion, (281) million, (647) thousand dollars (Nine billion, two hundred eighty-one million, six hundred forty-seven thousand dollars).

The statistic showed that the total crude oil exported quantities, in last October, from Iraq southern and middle fields reached (102) million, (70) thousand, (427) barrels, and the exported quantities from Kirkuk fields through the port of Ceyhan reached (2) million, (417) thousand, (893) barrels.

The average price per barrel is (88.539) dollars. The exported quantities were lifted by (34) international companies from different nationalities, through the ports of Basra and Khor Al-Amia, the Single Point Mooring in the Gulf, and the Turkish port of Ceyhan.

The Ministry of Oil took this monthly action as it believes in informing the Iraqi people about the exported crude oil and related revenues.


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