Iraqi oil exports up 3.5% in February

Iraq in February increased the average daily oil exports by 3.5% compared to the previous month, up to 3.314 million barrels per day, Report informs with reference to the Iraqi state-owned company State Oil Marketing Organization (SOMO).

As of late January, the average daily volume of oil exports from Iraq amounted to 3.203 million barrels per day. The total volume of exports in February amounted to 92.79 million barrels, and in January - 99.286 million. Exports from the Basra fields in February amounted to 91.315 million barrels, while the supplies from the Kirkuk fields reached only 1.475 million.

Iraq's oil revenues in the reporting month amounted to $8.809 billion, with an average oil price of $94.94 per barrel. In January, the revenues amounted to $8.323 billion, with an average oil price of $83.825 per barrel.