Baghdad, May 2 (SocialNews.XYZ) Iraq exported about 101 million barrels of crude oil in April, bringing in revenues of $10.55 billion, the Oil Ministry said.
The average selling price for crude oil in April was $104.09 per barrel, according to a Ministry statement, citing statistics from the State Organization for Marketing of Oil, reports Xinhua news agency.
A total of 98.1 million barrels were exported from oil fields in central and southern Iraq via the Port of Basra, and about 2.99 million barrels from the northern province of Kirkuk via the Turkish port of Ceyhan on the Mediterranean, the statement said.
Oil prices have risen in global markets since the outbreak of the Russian-Ukrainian crisis, benefiting Iraq and other oil export countries.
Iraq's economy heavily relies on crude oil exports, which account for more than 90 per cent of the country's revenues.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz