Iraq oil exports decrease in April
The Oil Ministry has issued major upward revisions of its February and March export figures, while preliminary data show a dip in April.
Tankers dock at the al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report)
Iraq's oil exports averaged 3.365 million barrels per day (bpd) in April, according to preliminary Oil Ministry data — an apparent decrease compared to March.
Revenues also fell due to weakening oil prices. April’s oil sales brought in about $6.67 billion, according to an Iraq Oil Report estimate based on the Oil Ministry’s published pricing formulas and global benchmark prices. March revenues were $7.717 billion, according to the Oil Ministry.
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