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Iraq Exported over 98 Million Barrels of Oil in November: Ministry

ERBIL — The Iraqi government exported 98.19 million barrels of crude oil in November, from which it generated about $7.59 billion, an official statement said on Wednesday.

The average selling price for crude oil in the month was $77.33 dollars per barrel, according to the statement issued by the country’s Oil Ministry, citing statistics of the State Organization for Marketing of Oil.

It further revealed that about 95.86 million barrels were exported from central and southern oil fields via the Port of Basra. Nearly 2.32 million barrels were exported from the northern disputed Kurdish province of Kirkuk via the Turkish port of Ceyhan.

The oil exports for the month were at an average of 3.27 million barrels per day, the statement added, as reported by Xinhua.

Iraq used to export more than 100 million barrels per month with higher revenues, but the OPEC Plus agreement to cut oil production and a dip in oil prices because of the impact of the COVID-19 pandemic on the global economy have combined to cause the decline of the country’s oil exports.