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Iraq oil exports, revenue up

New ministry data gives continued positive sign to oil income and exports, with the north covering the southern flow dip.

By Ben Lando of Iraq Oil Report
Published June 29, 2009

Iraq earned nearly $3.4 billion in oil sales in May, a month-on-month increase tied to elevated oil prices and a boost in production.

According to the latest Oil Ministry data, Iraq exports have continued growing since February. It reached 1.9 million barrels per day (bpd) in May compared with 1.823 million bpd in April.

Map of Iraq's oil fields (source: U.S. Energy Information Administration)

Oil sold at...

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