Iraqi exports shoot to near-record levels

Federal exports hit their second-highest monthly average in history, but KRG sales declined steeply in the aftermath of Kirkuk upheaval.
A Basra Gas Company worker at the Nahr Bin Omar oil field takes part in the opening of a new pipeline sending gas to the national network on Jan. 12, 2017. (JASSIM AL-JABIRI/Iraq Oil Report)

VIENNA - Federal Iraq earned more monthly oil revenue in November than it has since October 2014, due to rising oil prices and a nearly 5 percent jump in exports.

The new data, released by the Iraqi Oil Ministry on Friday, comes after Thursday's announcement of a record single day in crude loadings from the Basra Gulf terminals, and an extension of a pact between OPEC and other producers to limit production through 2018 in a bid to keep pushing up prices.

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