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Iraq exported 101.85 million barrels of crude oil in August with
revenues of 9.78 billion U.S. {dollars}, stated the Iraqi Oil Ministry,
Pattern studies
citing Xinhua.
The common worth for crude oil in August was 96.05 {dollars} per
barrel, the ministry stated in an announcement, citing statistics from
the State Group for Advertising and marketing of Oil.
A complete of 100.75 million barrels had been exported from oil fields
in central and southern Iraq through the Port of Basra, whereas about
1.10 million barrels had been exported from the northern province of
Kirkuk through the Turkish port of Ceyhan on the Mediterranean, the
assertion stated.
Oil costs have risen in international markets for the reason that outbreak of
the Russia-Ukraine disaster in February, benefiting Iraq and different
oil exporting international locations.
Iraq’s financial system closely depends on crude oil exports, which
account for greater than 90 % of the nation’s revenues.
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