May 1, 2020 / 3:41 PM / a month ago

Iraq oil exports at 3.44 million bpd, revenues more than halve in April: statement

FILE PHOTO: A worker sprays disinfectant as a preventive measure against coronavirus, at Nahr Bin Umar oil field, north of Basra, Iraq March 15, 2020. REUTERS/Essam Al-Sudani

BAGHDAD (Reuters) - Iraq’s total oil exports for April averaged 3.438 million barrels per day (bpd) and oil revenue more than halved to $1.42 billion, a statement from the oil ministry said on Friday.

The average price per barrel of oil in April was $13.8.

Iraq’s revenue from oil, its main source of income, had already reduced in March to $2.98 billion.

OPEC’s second-largest producer of crude faces an economic crisis over falling oil prices and an agreement to cut production by more than 1 million bpd, effective this month.

Reporting by John Davison, additional reporting by Hesham Abdul Khalek in Cairo

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below