Exports and revenue rebound in April

Initial data show record exports and bounce in oil price, garnering five-month high in revenues.
Exports and revenue rebound in April
Tankers loading on Iraq's southern export terminals in the Basra Gulf on Oct. 2, 2014. (ALI ABU IRAQ/Iraq Oil Report)

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Iraq's federal government exported a record amount of oil in April, netting the most oil revenue Iraq has generated in five months.

The Oil Ministry said it had exported an average of 3.363 million barrels per day (bpd) in April*a 3 percent increase over the previous month - which matches the country's previous all-time high-water mark, set in November 2015.

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