Iraq’s State Oil Marketing Organisation (SOMO) has said that the countrys crude exports rose in August to reach an averaged 2.565mn bpd marking the highest level for more than three decades
Overall exports in August brought in US$8.442bn in revenues on the back of average oil prices of US$106 per barrel, according to SOMO head Falah al-Amiri.
Exports in August from Basra in the south of Iraq were 2.252mn bpd, while exports from northern Kirkuk were 313,000 bpd
Iraq exported 2.516mn bpd in July.
"It's the highest export level in three decades and we are moving ahead to reach another record next month," Alamri stated.
Iraq has proven reserves of 143.1bn barrels of oil and 3.2 trillion cu/m of gas.
