Iraq revenues from oil exports in May increased by 93.27% compared to the same period last year, reaching $ 11.44 billion. On Tuesday, the SHAFAQ News information portal with reference to the Iraqi Oil State Company SOMO.
Based on the company statistics, in May last year Iraq exported 2.9 million barrels per day (b/s), while this year the export volume increased by 13.83%, amounting to 3.3 million b/s. At the same time, the average cost of a barrel of oil for the reporting period increased from $ 65.84 to $ 111.79. Thus, in May of this year, the revenues of the Arab Republic from oil exports amounted to a record $ 11.44 billion