UPDATE: Iraq breaks export records

Federal Iraq posted its highest-ever rate of oil exports, with increases from both south and north.
UPDATE: Iraq breaks export records
Tankers dock at the al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report)

On Dec. 3, SOMO Director General Falah Alamri told Iraq Oil Report the average selling price for federal Iraq’s crude exports in November was $41 per barrel. The original story pegged the average price at $40 per barrel. This story, including the higher total revenues, has been updated to reflect this new information.

VIENNA - For the first time ever, Iraq's export average rose above 4 million barrels per day (bpd), with increased sales by both the federal and Kurdistan governments in November.

Oil Ministry spokesman Assem Jihad called the combined 4.051 million bpd an "unprecedented figure for Iraq oil exports" in a Thursday statement releasing the November data.

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