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Iraq’s oil exports fall 11.5% in October

by ChemOrbis Editorial Team -
  • 03/11/2015 (13:58)
According to media reports, Iraq’s Oil Ministry reported that the country’s oil export fell 11.5% in October, declining to around 2.7 million barrels per day (bpd), from 3.052 million bpd in September due to delays in shipments stemming from inconvenient weather conditions.

The Oil Ministry also stated that all shipments were made from Iraq’s southern ports, adding that shipments from Iraq’s north via the Ceyhan pipeline to Turkey stopped completely in October following a total shipment of around 20,000 bpd in the previous month.

Meanwhile, Iraq’s revenues from oil exports reached $3.32 billion while the average price for per barrel of oil was reported at $39.56/barrel.
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