Iraq oil exports reverse two-month decline

Oil sales from both the federal government and the KRG increased in November.
Tankers dock at the Al-Basra Oil Terminal, the principal export point for Iraqi oil. (BEN LANDO/Iraq Oil Report)

Oil exports from Iraq's federal government and the autonomous Kurdistan Regional Government (KRG) combined for 3.999 million barrels per day (bpd) in November, reversing a two-month decline.

Stronger global oil prices also helped lift Iraq's monthly revenue, as the federal government's average sale price rose by 4.8 percent, to $60.039 per barrel in November.

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