Iraq Generates $4.5 Billion from Oil Exports in August

Iraq Generates $4.5 Billion from Oil Exports in August

The Iraqi government generated over $4.5 billion from oil revenue exports during the month of August, Ministry of Oil reported on Saturday (September 2).

An average of 3.216 million barrels of oil has been exported per a day in August from 3.230 million bpd in July. No shipments were made from the northern Kirkuk field.

One barrel of oil was sold for more than $46.22 U.S. dollars.

Iraq, OPEC’s second-biggest country regarding oil production after Saudi Arabia, expressed willingness to abide by OPEC’s deal to curtail production.