Iraq Daily Journal

MINISTRY OF OIL ANNOUNCES EXPORTS AND INCOME NUMBERS FOR OCTOBER

Spokesperson of Iraq’s Ministry of Oil Asim Jihad announced on Tuesday (November 27) that oil exports and incomes rose in October compared to September.

“107,821,261 barrels were exported in October, which generated an income totaling $7,908,496,000,” Jihad said.

The North Oil Company, which sources its oil from the Kirkuk fields, exported 291,253 barrels with revenues of $10,339,481, he added.

“Oil was sold at $73.348 per barrel in October and transported by 36 different foreign companies, “the Iraqi official concluded.

Worldwide, suppliers have been pumping increased amounts of oil leading to fears of a supply glut. Source