Iraq’s oil ministry said Iraq’s November crude oil exports were 99.86 million barrels, generating $8.23 billion in revenue.
According to the ministry’s statement, citing statistics from the State Oil Market Institute, average crude oil prices in November were $82.41 per barrel.
Iraq’s central and southern oil fields Exported about 97.2 million barrels of oil through the port of Basra, while oil fields from the northern province of Kirkuk. More than 2 million barrels of oil were exported through the Turkish port of Seyhan (Turkey) in the Mediterranean Sea.
Xinhua News Agency said that Global oil prices have been rising since the Russian-Ukrainian crisis in February. This has been beneficial to Iraq and other oil exporting countries as the Iraqi economy is heavily dependent on crude oil exports. accounts for more than 90% of the country’s income.
