July oil exports and revenues rise

Federal oil revenues hit a four-year high as exports increased through both the Basra Gulf and the KRG-controlled northern export system.
An oil jetty at the Mediterranean port of Ceyhan in Turkey, photographed in September 2003. (YORAY LIBERMAN/Getty)

Iraq's oil exports hit an annual high in July as the country sold 3.87 million barrels per day (bpd) - an increase of more than 70,000 bpd compared to June.

The federal government exported 3.544 million bpd via the Basra Gulf, the Oil Ministry said, garnering $7.532 billion* - its largest monthly revenue figure since July 2014.

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