Oil Ministry announces February's exports amounted to 91.56m barrels

The Oil Ministry announced that Iraq's oil exports reached to 91.56 million barrels, during February, with revenues worth 4.51 billion dollars, with daily  the rate of export average of exports amounted to 3.27 million barrels.

The ministry's spokesman, Assem Jihad, said that Iraq's exports from the oil fields of central and south stood at 90.73 million barrels, pointing out that $ 49.3 is average price per barrel. He explained that Iraq's exports amounted to 102.94 million barrels during January, adding that oil revenues reached $ 5.2 billion in January, with a daily average of 3.32 million dollars.

"The exports have been loaded by the international companies of different nationalities from the ports of Basra, al-Amaya and Al'awamat al-Ohadiah on the Arabian Gulf and the Turkish port of Ceyhan," the spokesman said.

In the same context, Gulf Keystone company announced, on Thrusday, that a gross payment of $15.0 million has been received from Iraq’s Kurdistan Regional Government (“KRG”) for Shaikan crude oil export sales in October 2016.

"Gulf Keystone and the KRG's Ministry of Natural Resources (MNR) continue to work towards agreeing the final form of the invoices for May to December 2016," the company added.