Dubai — Federal crude oil exports from Iraq's southern Persian Gulf terminals edged up in December to reach a new record high, averaging 3.535 million b/d, up 33,000 b/d from in November, the latest data from the oil ministry showed.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
State Oil Marketing Organization (SOMO) exported some 109,573,817 barrels over the month, the oil ministry said in a statement.
This earned the country $6.496 billion in revenues, with prices for the month averaging $59.286/b, it said.
The November rate of 3.502 million b/d was already the highest level for 2017.
All federal exports were shipped from the Gulf terminals, with no barrels leaving the Turkish Mediterranean port of Ceyhan.