Iraq exported 108.05 million barrels of crude oil in December 2023, generating 8.31 billion U.S. dollars in revenue, the country’s Oil Ministry announced on Wednesday.

The average price of Iraqi crude oil in December was 76.96 dollars per barrel, the ministry said in a statement, citing preliminary statistics from the State Organization for Marketing of Oil, an Iraqi company.

About 107.59 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, and 464,058 barrels were sent to neighboring Jordan during the month, the statement said.

Iraq’s economy heavily relies on crude oil exports, which account for more than 90 percent of the country’s revenues.
Source: Xinhua