Iraq exported 109.54 million barrels of crude oil in October, generating 9.66 billion U.S. dollars in revenue, the country’s Oil Ministry announced this week.

The average price of Iraqi crude oil in October was 88.26 dollars per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company.

About 108.05 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, 1.03 million barrels from the Qayyara oilfield in the northern province of Nineveh, and 464,728 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